Astar Network, a platform for multichain smart contracts, formally announces the launching of its native ASTR token on Huobi Japan. Huobi is now the third Japanese cryptocurrency exchange to list ASTR following Bitbank and GMO Coin. The ASTR token has been added to the “Green List” of the Japan Virtual
Japan’s Financial Services Agency (FSA) has warned and classified four cryptocurrency exchanges – Bybit, MEXC Global, Bitforex, and Bitget – as “unregistered crypto asset exchange business operators.” The regulator confirmed that the listed crypto exchanges violated the “Fund Settlement Act” and conducted their operations without registration “at the time of
Fujitsu, a major Japanese technology company, has applied for a trademark with the US Patent and Trademark Office (USPTO). Indicating its intention to provide cryptocurrency trading brokerage services, among other crypto and non-crypto financial facilities. According to the March 16 trademark application submitted by Fujitsu. The company is seeking registration
Shibuya, a ward of Tokyo known for its commercial and financial activity, has collaborated with Astar Network, a blockchain innovation hub. As part of the pact, Astar will help promote Shibuya’s new web3 program and hold events in its favor. This collaboration between a Japanese blockchain, Astar Network and one
According to reports, Yuzo Kano, co-founder of Japan’s prominent cryptocurrency platform BitFlyer, plans to return to the company’s helm as CEO. Finally, he hopes to lead the company to an IPO and end the conflict between the existing management and the shareholders. Bloomberg reports that the 47-year-old Japanese entrepreneur has
Many nations increased their work on central bank digital currency (CBDC) in the middle of 2022’s brutal bear market. Now, it seems that Japan is also heading on a similar path. It was recently announced that the Japan CBDC, or digital yen pilot programme, is scheduled to launch in April.
Zodia Custody, a subsidiary of Standard Chartered, and SBI Digital Asset Holdings have come to an agreement to form a joint venture in Japan that would serve as a custodian for crypto assets for institutional customers in Japan. SBI Digital Asset Holdings (SBI DAH) and Zodia Custody, which has the
Financial Services Agency (FSA) of Japan Deputy Director-General Mamoru Yanase has called for more worldwide controls on the cryptocurrency sector. According to him, cryptocurrency exchanges need to be regulated like traditional financial institutions. Moreover, Yanase argues that authorities may avoid another crypto platform collapse by treating them like banks. The
There has been a recent uptick in the number of game developers interested in including metaverse features. Japanese mobile entertainment provider Gumi has established a strategic partnership with other Japanese firms Square Enix and SBI Holdings. Through the issuing of additional shares with a value of $52.7 million. SBI Holdings
Despite the bleak crypto market environment and the collapse of FTX, the government of Japan has agreed to make listings by cryptocurrency exchange in the nation simpler. Japan is relaxing its strict crypto laws even as the ripple effects of FTX’s downfall are still being felt across the industry and
