Stablecoins
Three Japanese banks to issue compliant stablecoins on ‘Japan Open Chain’
The Japanese banks are expected to issue legally backed stablecoins that can be used in Ethereum wallets like MetaMask.
Oluwapelumi Adejumo 1 min read
Japan Crypto News
News on licensing, investor protection, CBDC research, and Japan’s maturing crypto markets.
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Top Japan Stories
Metaverse
Japan follows up on metaverse investment plans
Japan said it would expand investments in the metaverse in 2022. Today, 10 Japanese firms joined forces to create the metaverse economic zone.
Featured
FTX Japan to resume withdrawals on Feb. 21
FTX Japan said it would announce the resumption of its services soon, according to a Feb. 20 press statement.
Latest Japan Crypto News & Analysis
CBDCs
Japan to launch CBDC pilot program for issuance of digital Yen
The pilot program aims to test the technical feasibility not fully covered by the PoCs and onboard the private sector.
Payments
Mt. Gox’s leading creditors opt for Bitcoin payment that guarantees 90% of funds owed
The two biggest creditors are expected to take payment in BTC in Sept. 2023.
Bankruptcy
FTX creditors include Google, Meta, Circle, Genesis, govt. agencies
The impact of the FTX meltdown has outstripped the crypto ecosystem and leeched into the mainstream tech industry and beyond.
Exchanges
Coinbase to halt operation in Japan
The exchange said leaving Japan is part of its restructuring process that will help it weather the bear market.
Regulation
Japan urges other countries to regulate crypto companies like banks
A top official says the U.S. and Europe should closely supervise crypto firms.
Exchanges
Monex Group shows interest in buying FTX Japan
Due to Japan's liberal regulations, the crypto market in the country has a lot of potential, according to Monex's CEO.
