Japanese crypto exchange Coincheck partners with The Sandbox to build a metaverse city
Coincheck, a Japanese crypto exchange, revealed on Sunday that it has teamed up with The Sandbox, to create a new metaverse city dubbed ‘Oasis TOKYO.’ The partnership is expected to boost The Sandbox brand in the Japanese market The project will be built on LAND, a virtual piece of real estate in The Sandbox’s metaverse […]
Tokyo’s largest finserv firm, SBI Group launches crypto-asset fund for Japanese investors
SBI Group, Tokyo’s largest financial services company, will now allow average Japanese investors to purchase cryptocurrencies through its newly created ‘crypto asset fund,’ according to the company. SBI Group, Tokyo’s largest financial services provider, will now allow ordinary Japanese investors to buy cryptocurrencies through its newly formed ‘crypto asset fund.’ Bitcoin (BTC), Ethereum (ETH), Litecoin […]
Japan’s Financial regulator to propose restriction of stablecoins
According to Nikkei Asia, Japan is considering new regulations that will enable only banks and wire transfer firms to create stablecoins. The Financial Services Agency (FSA), Japan’s primary financial regulator, is apparently considering legislation that would limit stablecoin supply to banks and wire transfer providers. Crypto service providers engaging in stablecoin transactions, such as wallets, […]
Japanese companies form a group to develop a Yen-based digital currency
About 70 of the largest financial institutions in Japan have formed a group in order to develop a new Yen-based digital currency in 2022. This move is indicating that the private sector is only now beginning to embrace blockchain-based payment. Kazuhiro Tokia, the CEO of crypto exchange DeCurret, may have made a statement claiming that […]