SBI Holdings, Inc. and the Solana Foundation have announced a strategic alliance to develop a regulated, on-chain financial market based in Japan. Under the agreement, the Solana Foundation will acquire an equity stake in SBI R3 Japan, which will subsequently be renamed SBI Solana Global Co., Ltd. The new entity
Lawson is set to conduct payment tests using JPYC stablecoin backed by the Japanese yen beginning in early August at one convenience store in Tokyo. According to the FNNews article, the firm decided to conduct the tests in the Takanawa Gateway City convenience store in Minato Ward. HashPort, the digital
Ripple is officially bringing out RLUSD into the Japanese market, which becomes an important milestone for its future international growth. By doing this, the company will make significant progress in its operations in one of the most technologically sophisticated digital assets markets worldwide. Now, after obtaining approval from Japan’s Financial
Three of Japan’s largest banks said they will jointly issue a stablecoin this financial year, which ends in March. Mitsubishi UFJ Financial Group (MUFG), Sumitomo Mitsui Financial Group (SMBC) and Mizuho Financial Group will establish a council to explore operational frameworks and prepare for the issuance of stablecoins, according to
Crypto assets are now officially considered financial instruments according to Japanese government amendments to the Financial Instruments and Exchange Act, which were made on Friday. The amendment forbids the practice of purchasing and selling based on hidden knowledge, as well as insider trading, according to Nikkei. Another change to the law
Japanese PM Sanae Takaichi has come under scrutiny over allegations related to monetary policy. While she is not known to be outspoken, Sanae has always been seen as a pro-crypto figure by the industry, given her favorable stance on multiple occasions. The development comes at a time when the crypto
SBI Holdings and Startale Group of Japan revealed JPYSC, a trust bank-supported Japanese yen stablecoin for institutional and cross-border use cases. As per the press release of Startale, JPYSC is the first trust bank-backed stablecoin of Japan, having issuance managed by SBI Shinsei Trust Bank abiding by local digital asset
Tokyo-listed Metaplanet saw its stock fall sharply over the past month, even after posting explosive revenue growth in its latest fiscal results.The stock price decreased from the range of ¥540 to ¥550 to around ¥338, a fall of approximately 37% in a month. Although the stock price has shown a
Sanae Takaichi just secured a win in the Japan election, clarifying a move that could happen in the times to come. This has helped the global crypto market to make its own movement on the price chart, supported by expectations around the US unemployment rate. Meanwhile, Gold and Silver regaining
Metaplanet is a Bitcoin vault company based in Japan. And it was reported that they were committing themselves to buying even more Bitcoins despite the latest dips in price. In fact, the value of Bitcoin went down to around $60,000 in the past before it went back up to some
