Japan’s First Crypto Asset Trust Service, Bank UFJ Partners Ginco
Mitsubishi UFJ Trust Bank and Web3 firm Ginco have partnered to offer Japan’s first crypto asset trust service to legitimize the token market and attract institutional investors. Japan is witnessing a major milestone in the crypto space, as the country’s largest bank, Mitsubishi UFJ Trust Bank, and Web3 development firm Ginco have announced their partnership […]
EOS Token to Start Trading on Japanese Exchange BitTrade
The EOS Network Foundation has secured regulatory approval for the EOS token in Japan, announcing it will start trading against Yen on the BitTrade exchange come September. Japan’s crypto regulator has whitelisted the EOS token, paving the way for the token to be traded against the Japanese yen on regulated exchanges. The EOS Network Foundation […]
Binance Japan to Rely on Liquid for Biometric Identity Verification
Binance is set to re-enter the Japanese market by partnering with Liquid, a biometric data authentication service, to meet Japan’s stringent KYC regulations. It makes use of an AI-based image processing system. It facilitates identity checks that adhere to the regional Japanese KYC rules. Gathering biometric information is crucial to KYC procedures. Due to privacy […]
Binance Japan Starts Onboarding Users
Binance Japan, a subsidiary of Binance, will begin onboarding users in Japan on its newly launched platform. Approximately two years after being issued a warning by the nation’s financial regulator, major cryptocurrency exchange Binance announced the opening of a Japan-based branch. Local cryptocurrency exchange Sakura Exchange Bitcoin has started as Binance Japan, according to a […]
Web3 Developer HashPort Raises $8.5M in Series C Funding
In a Series C funding round led by Sumitomo Mitsui Banking Corporation, The University of Tokyo Edge Capital Partners, and Japanese billionaire entrepreneur Yusaku Maezawa, HashPort raised 1.2 billion Japanese yen ($8.5 million). According to an announcement on July 28, the funds will enable HashPort to consolidate its business, acquire a compliance management system and […]