SBI Holdings set to launch Japan’s first cryptocurrency fund
SBI Holdings Japan’s financial giant is all out to launch the country’s first crypto Fund, the fund will invest in Bitcoin, Ripple (XRP), Litecoin, Bitcoin Cash and Ethereum. According to Bloomberg, financial giant SBI Holdings plans to launch Japan’s first digital asset fund by December. The new investment vehicle will have exposure to a number […]
FSA Japan considers imposing stricter crypto rules
The Financial Services Agency (FSA), Japan’s financial regulator, has begun negotiations about setting stronger restrictions for cryptocurrencies in order to better protect Japanese investors. The Financial Services Authority (FSA) established a dedicated division and a panel of financial experts in July to assist the government in overseeing digital and decentralized money . According to Jiji […]
Japanese crypto exchange, Liquid loses almost $100M to hackers
Liquid, a Japanese cryptocurrency exchange platform is the latest to be hit by a hack. The exchange stated that the hacker compromised its warm wallets and made off with more than US$97 million in various cryptocurrency assets. The company’s incident report states, “At around 7:50 AM SGT on August 19th, Liquid’s Operations and Technology teams […]
Coinbase partners with banking giant MUFG to launch officially in Japan
Coinbase, the largest cryptocurrency exchange in the United States, has announced its formal opening in Japan in collaboration with Mitsubishi UFJ Financial Group (MUFG). The partnership will help to provide a “quick deposit” fiat on-and-off ramp. On Aug. 19, the company led by CEO Brian Armstrong announced the introduction of retail trading products that include […]
Japan calls for the regulations of Stablecoins
The digital currency market is seeing changes daily, after the United States called for a regulation of stablecoins, Japan has followed suit by also requiring regulations be made for stablecoins. Japanese officials are increasing up efforts to regulate digital currencies, particularly stablecoins, in recent development. According to Reuters, the Japanese government is keeping a close […]