The MAS Chief Fintech Officer said the successful test was “a big step towards enabling more efficient and integrated global financial networks.”
Metaverse schooling to help Japanese city combat growing absenteeism
Government data showed that 244,940 Japanese elementary and junior high school students were absent for at least 30 days in FY 2021.
Crypto exchange Coincheck plans Nasdaq listing in July 2023
The company’s financial statements showed a decline in operating revenue and income due to the crypto bear market.
Japanese port city wants to become the Web3 hub for the country
Through a new collaboration with Astar Japan Labs, the city of Fukuoka aims to become the Web3 hub of the country, akin to Silicon Valley.
Japan’s International Payments System will test plastic cards for CBDC
Japan Credit Bureau will develop its CBDC infrastructure in collaboration with IDEMIA and Softspace.
Japan is losing its place as the world’s gaming capital because of crypto hostility
From regulation to taxation, Japan has been hostile to cryptocurrency gaming. That stance is threatening the country’s position as a global leader in gaming
Japanese regulators loosen crypto laws and make it easier to list coins
The Japan Virtual and Crypto Assets Exchange Association says it plans to make it easier for authorized exchanges to list digital currencies by loosening the screening process.
It’s legislation season in the EU: Law Decoded, Oct. 3–10
In one week, the EU institutions voted in favor of a crypto-friendly resolution and promoted MiCA to the next stage.
Mt. Gox trustee sets registration deadline of Jan. 10 for repayment selection
Users of the Mt. Gox exchange may be one step closer to getting their funds back after trustee Nobuaki Kobayashi announced options for repayment.
Japanese prime minister says gov’t investment in digital transformation will include Metaverse, NFTs
According to Fumio Kishida, the government of Japan’s investment in digital transformation included issuing NFTs to local authorities using digital solutions.
Japanese banking giant Nomura launches digital ecosystem VC arm
“Staying at the forefront of digital innovation is a key priority for Nomura,” said president and group CEO of Nomura Holdings Kentaro Okuda.
Singapore’s financial authority grants license to SBI’s digital asset arm
The firm planned to launch a digital asset securities platform in Singapore, as well as provide custody, capital markets products and corporate finance advisory services.
Japanese gov’t issues NFTs to reward local authorities’ work
A total of seven mayors received the NFT awards for various initiatives they undertook to ease the lives of the public in their respective regions.
Mt. Gox trustee releases repayment procedures update
The Restriction Reference Period is one of the final steps in repaying creditors, according to the document released Wednesday.
Japan may see a reduced 20% tax on crypto earnings with new proposal
The proposal calls for a separate 20% tax on crypto earnings and exemptions of any tax on crypto gains, with losses carried forward for up to three years.
HARTi and Mitsui Sumitomo roll out NFT insurance coverage for claims
The company said the move intends to cover all NFTs listed on the HARTi platform with no cost to the seller.
Japan Ministry of Economy launches Web3 policy office
The new body will bring together the financial regulators and creative industries to formulate the policies on the metaverse.
FOMO Pay taps Ripple’s liquidity solution for treasury management
Ripple has continued to see adoption for its remittance technology from private institutions despite the ongoing lawsuit in the United States.
US diplomats call on Japan’s crypto exchanges to cut ties to Russia: Report
The FSA and Japan’s finance ministry previously warned crypto firms against processing transactions involving sanctioned individuals or entities, subject to fines or imprisonment.
Bitcoin in Zimbabwe: Importing cars and sending money to family
A young Zimbabwean Bitcoiner built out a business with Bitcoin — importing cars and sending remittance payments — when he returned to his homeland during the COVID-19 pandemic.