Japan Moves to Allow Investment Funds to Hold Crypto
The Japanese cabinet has approved the addition of cryptocurrencies to the list of assets that local investment limited partnerships (LP) firms are permitted to purchase or keep. The Ministry of Economy, Trade, and Industry declared on February 16 that VCs involved in cryptocurrency now have greater regulatory certainty. The objective of the modification is to […]
Japan FSA Suggests Halting P2P Fiat to Crypto Transactions
Japan’s primary financial regulator, the Financial Services Agency (FSA), has recommended several safeguards to prevent “illicit transfers” to cryptocurrency exchanges. One of which is controlling the peer-to-peer (P2P) transaction market. The FSA issued a request to Japanese institutions on February 14. The regulator reports that the country’s fraudulent transactions continue to be prevalent, mostly involving […]
Mercari to Accept Bitcoin Payments for Its Flea Market Products
Mercari, Japan’s leading e-commerce platform, is planning to introduce Bitcoin payment options for its flea market products by June 2024. The payments will be facilitated by Mercoin, the company’s dedicated crypto exchange and blockchain service platform. Mercari, Japan’s leading e-commerce platform, is gearing up to introduce Bitcoin payment options for its flea market products by June 2024, […]
ODX to Start Digital Securities Trading on Dec. 25 in Japan
Osaka Digital Exchange (ODX) plans to launch the trading of digital securities in Japan via security tokens issued by two real estate firms, Ichigo and Kenedix. ODX announced that its security token trading system will go live on December 25. Asset-backed securities supported by real estate investments are reportedly for sale by Ichigo, a Tokyo-based […]
SBI, TradeFinex Partner for Crypto Venture in Japan
SBI Holding and UAE firm TradeFinex have partnered in a joint venture seeking to drive trade finance adoption of EVM-compatible enterprise blockchain XDC Network in Japan. TradeFinex, based in the United Arab Emirates, maintains its decentralized platform on the XDC Network for trade finance originators to connect with various banks and lenders. TradeFinex primarily provides […]