Mitsubishi UFJ Financial Group (MUFG), the biggest financial institution in Japan, has announced that it would utilize the Progmat Coin platform to produce locally backed stablecoins across public blockchains. Ethereum, Avalanche, Cosmos, and Polygon will all be used to issue stablecoins. Progmat Coin, it was said, is built to work
While the global cryptocurrency market expands, XDC Network has reached an important turning point with its recent strategic partnership. The hybrid blockchain ecosystem has confirmed its collaboration with crypto assets management firm SBI Group’s subsidiary — SBI VC Trade. こんにちは https://t.co/M9Hh5NQjCm — Atul Khekade (@atulkhekade) May 31, 2023 Significantly, the
To keep in line with other countries in the region. Japan is anticipated to enact additional anti-money laundering measures to better monitor crypto transactions. According to Japan Today on Tuesday, the country’s government plans to apply the new restrictions on June 1, which would see the implementation of what is
As part of its strategy to shift its emphasis from retail to institutional clients, Bloomberg reports that Singapore’s Amber Group is contemplating selling its Japanese operation. Annabelle Huang, the managing partner at Amber, said the company is exploring alternatives, including a sale, for its Japan division. A “very high quality
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.
