The firm stated in a release that it was establishing a new Digital Company, which would begin operations in April, as part of the restructuring.
Rakuten launches NFT marketplace to capitalize on growing adoption in Japan
The explosion of NFT popularity in 2021 is continuing apace in the new year.
MUFG drops blockchain payment project to focus on stablecoins
Established in 2019, MUFG’s blockchain payments project GO-Net Japan is shutting down due to low expected profitability.
Japan Exchange Group alerts against imposter crypto trading platforms
Japanese investors are advised to look out for fraudulent companies replicating the JPX brand names, logos and URLs to offer crypto trading.
YGG-backed Oasys blockchain hopes to take P2E gaming mainstream
“Gaming is the best use case the world has ever seen for blockchain and I believe we will see 10 million wallets interacting with blockchain games before the end of this year,” said Oasys founding member Gabby Dizon.
Top Japanese bank MUFG introduces new stablecoin platform
After many years of digital currency development, Japan’s largest bank MUFG has officially introduced its own stablecoin project.
Japan-based messaging app will offer trial run of native token starting in March
LINE Pay said it was considering adding other cryptocurrencies including Bitcoin and Ether to its payments options in the future
New gold-based stablecoin by trading giant Mitsui reportedly on the way
Mitsui is reportedly planning to launch its gold-pegged stablecoin ahead of DCJPY, another major Japanese stablecoin project.
FTX acquires Japan’s FCA-licensed crypto exchange Liquid
As a part of the deal to comply with Japanese laws, FTX’s Japanese users will be moved Quoine’s trading platform.
Former BOJ official warns against use of digital yen in the financial sector
Hiromi Yamaoka is currently heading a private forum of 74 companies that is planning to launch a private digital currency.
Japan-based crypto exchange DeCurret plans to sell to HK’s Amber Group: report
According to the Nikkei report, the crypto exchange was unable to compete with major companies including BitFlyer and Coincheck and “profits were tapering.”
Sega will likely not introduce NFTs for play-to-earn if ‘perceived as simple money-making’
The company previously announced plans to expand into NFTs through a partnership with Japanese game developer double jump.tokyo.
SBI announces crypto joint venture with Swiss digital exchange SIX
The crypto venture is expected to formalize its operation by the end of 2021 and start offering its services by early 2022.
26% of crypto investors in Japan tried out NFTs: Survey
Major Japanese cryptocurrency exchange Coincheck launched its own NFT marketplace back in March 2021.
Japanese megabanks join consortium launching yen-based digital currency
Private-sector behemoths in Japan are exploring digital currencies as a way to streamline large fund transfers and settlements.
Mt. Gox rehabilitation plan is now ‘final and binding’
Nobuaki Kobayashi implied in October the “final and binding” ruling was the last major hurdle in the compensation process, hinting users who filed claims could receive the funds fairly quickly.
Circle to invest in Japanese yen stablecoin as part of expansion to Asia
Circle’s Asia plans include a regional headquarters in Singapore, a new venture arm and investment in Japanese yen stablecoin efforts.
Mt. Gox trustee announces approval of rehabilitation plan, meaning creditors could soon receive billions
Nobuaki Kobayashi said distribution of the Mt. Gox assets likely wouldn’t begin for at least a month, once the rehabilitation plan became “final and binding.”
Asian CBDC projects: What are they doing now?
Governments in Asia are quickly researching or implementing CBDCs. What does this mean for the region’s overdependence on the U.S. dollar?
Japan will prioritize simplicity in CBDC design, says central bank executive
The Bank of Japan is keen to ensure seamless integration of its central bank digital currency with the existing payment architecture.