The financial regulators of Japan have plans to pass regulations by June 2023. The regulation will be related to lifting the ban on foreign stablecoins and will permit various investors from the...
Tag: Japan
Japan to Adopt New Stablecoin Regulations
A local financial body in Japan has said that the country’s new legislation that will let investors to trade using stablecoins such as Tether (USDT) are scheduled to be approved no later than in...
Why Bank Of Japan Needs A Female Leader
Yuri Okina tops shortlists of potential female candidates to replace Haruhiko Kuroda as Bank of Japan governor. Akio Kon/Bloomberg Over the next few weeks, Tokyo financial circles will buzz with intri...
Coinbase Pulls the Plug in Japan: 4 Weeks to Pull Out Funds
Due to severe market conditions, Coinbase is to halt operations in Japan. Customers are given until February 16, 2023, to withdraw funds. The remaining funds will be converted to Yen and sent to Gua...
Coinbase Announces ‘Difficult Decision’ to Shutter Operations in Japan
Coinbase has confirmed that it will halt operations in Japan in the next few weeks, citing current market conditions. “Due to market conditions, our company has made the difficult decision to halt ope...
Coinbase Closing Down Operations in Japan: Details
Crypto exchange Coinbase has announced it is formally ceasing operations in Japan, describing the decision as a difficult one. It also intends to conduct a complete review of its operations in the cou...
Coinbase halts its operations in Japan to review market conditions
The Japanese arm of Coinbase has published an official blog post to announce that it is halting its operations in the region amid the present market conditions. Coinbase aims to review the business’s ...
Japan Wants Crypto Regulated Like Banks
Join Our Telegram channel to stay up to date on breaking news coverage Japan wants global regulators to regulate the cryptocurrency market like they regulate banks. The country is also calling for str...
Japan Urges Regulators Worldwide to Subject Crypto Exchanges to Bank-Level Oversight – Regulation Bitcoin News
Japan has reportedly urged other countries, including the U.S., to regulate crypto exchanges like they do banks. A top official at the Financial Services Agency explained that the recent FTX implosion...
Coinbase stops Japan operations amid trading slump
Despite Bitcoin (BTC) returning to pre-FTX collapse price levels, the contagion still affects the industry, forcing Coinbase cryptocurrency exchange to close operations in Japan. Coinbase officially a...
Coinbase Exits Japan; Customers Have Until Feb.16 to Withdraw Funds ⋆ ZyCrypto
Advertisement     The step comes amid recent layoffs by the US-based crypto firm. The fiat deposit option for Coinbase’s clients in Japan will not be available from Ja...
Coinbase Leaves Japan After Trade Collapse
Even if Bitcoin’s price has returned to where it was before the FTX crash, the sector is still being negatively affected by the contagion, which has forced the cryptocurrency exchange Coinbase t...
Coinbase Shuts Operation In Japan Citing Market Conditions
The cryptocurrency market, regardless of the ongoing “mini bull run,” is still a long way from its 2021 levels, with companies laying off staff and some even closing operations. The latest on the list...
New reports show travel risks around the world
From catching Covid-19 to getting caught in a blizzard, traveling can be risky business these days. But just how risky often depends on the destination — and how you define the risks. Safest cities: p...
Coinbase To Halt Operations in Japan
Cryptocurrency exchange Coinbase announced that it will be suspending all its operations in Japan due to volatile market conditions. Crypto exchange Coinbase Global Inc. announced on Wednesday via a b...
Coinbase to cease operations in Japan – Cryptopolitan
The industry contagion continues to influence the market despite Bitcoin’s price recovery to levels seen before the FTX crash, causing Coinbase to shut down its operations in Japan. On January 18, Coi...
Coinbase halts operations in Japan citing ‘market conditions’
Crypto exchange Coinbase has paused its business in Japan and has advised customers to withdraw their assets from the platform, the company announced on Wednesday. Coinbase blamed the current ma...
Dow Jones Futures: Bank Of Japan Surprise; Tesla Jumps
Dow Jones futures were little changed overnight, along with S&P 500 futures and Nasdaq futures, after the Bank of Japan unexpectedly stayed the course. United Airlines and Moderna stock jumped on ...
Japan wants crypto ‘regulated’ and ‘supervised’ like “traditional institutions”
The Financial Services Agency of Japan wants crypto to be regulated like banks. The country’s crypto policy has helped local FTX investors to access their funds. Japan’s top regulator is looking to im...
Tokyo Brokerage Firm Monex Group To Buy Crypto Exchange FTX Japan
The implosion of the crypto exchange FTX sent shockwaves across the crypto space. Before its fall, FTX was one of the top exchanges in the world. It had millions of users with several products and ser...
Japan urges other countries to regulate crypto companies like banks
Japanese regulators are calling for other countries to regulate cryptocurrency like banks, according to a report from Bloomberg on Jan. 16. Mamoru Yanase, Deputy Director General for the strategy bure...
Why Japan Is Urging Its Global Counterparts To Oversee Crypto ‘Bank Style’
During the early years of bitcoin wherein crypto regulation around the asset class was lax, Japan was among countries that traded and managed it. Mt. Gox, which was once known as the largest crypto ex...
Financial Giant Linked With Galaxy Digital Plans To Buy FTX Japan
Japanese financial services company Monex Group plans to buy FTX Japan, the Japanese subsidiary of Sam Bankman-Fried’s beleaguered crypto exchange FTX. The move comes after the bankruptcy court approv...
Monex is the first potential buyer for FTX Japan
On Jan 16th, 2023, Bloomberg reported that Monex Group Inc had expressed interest in acquiring FTX Japan. One of the FTX subsidiaries is on sale after the FTX filed for bankruptcy. Monex CEO interest...
Crypto news: Coinbase withdraws from Japan
Bad news concerning crypto exchange Coinbase, as it recently announced that it is seriously considering withdrawing from the market in Japan. The collapse of FTX has been a major blow to the US excha...
Monex Group Seeks Interest To Buy FTX Japan Despite Bankruptcy
Monex Group is planning to buy FTX Japan amid bankruptcy. The Japanese crypto market is witnessing a potential growth at present. $139M of FTX Japan liquidity will be returned back to the customers....
FTX Japan on its way to refund customers from February
FTX Japan is seeking to give the customer assets back from February 2023, as per the statement by the firm on 29 December 2022. Reportedly, FTX has over a million creditors over the world. ...
Monex wants to buy FTX Japan amid bankruptcy proceedings: Report
FTX Japan, one of the four FTX assets put on sale, caught the eye of Monex Group, an online brokerage firm based in Tokyo. In an interview with mainstream media outlet Bloomberg, Monex CEO Oki Matsum...
Psychic VR Lab receives ¥100M from Animoca Brands Japan
Animoca Brands Japan, has recently announced its investment of 100 million yen in Psychic VR Lab. This deposit is a part of the JP¥1 billion ($7.8 million) funding round by a Japanese company in Dec i...
Coinbase considers Japan withdrawal amid crypto market volatility
As a part of its reaction to the steep decrease in cryptocurrency trading that followed the collapse of FTX, Coinbase (NASDAQ: COIN) is mulling the possibility of withdrawing from the Japanese market....