Japan Solidifies its Position as Bitcoin Powerhouse, Processes 61% of Global Trades

Japan Solidifies its Position as Bitcoin Powerhouse, Processes 61% of Global Trades

Over the past month, following The PBOC’s crackdown on Chinese Bitcoin exchanges, Japan has successfully evolved into the largest Bitcoin exchange market by trading volume, overtaking the US by a significant margin. According to various market da…

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Japan FSA Grants Virtual Currency Exchange License To 11 Companies

Japan FSA Grants Virtual Currency Exchange License To 11 Companies

Eleven digital currency companies in Japan have been granted a Virtual Currency Exchange license by the Financial Services Agency (FSA), the country’s financial watchdog. These include bitFlyer, Quoine, Tech Bureau, Bit Bank, SBI Virtual Currencies and GMO Coin. The FSA is currently reviewing 17 other applicants, according to an announcement released today. Since April 01, […]

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Japan To Introduce Blockchain ID System To Facilitate Customer Onboarding

Japan To Introduce Blockchain ID System To Facilitate Customer Onboarding

Japan’s financial regulator the Financial Services Agency (FSA) and various financial institutions are developing a common identification system leveraging blockchain technology to facilitate customer onboarding. The system will first be rolled out at the country’s three largest banks first, namely the Bank of Tokyo-Mitsubishi UFJ, Sumitomo Mitsui Banking Corp., and Mizuho Bank. An administrative body […]

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Price Watch – Bitcoin Passed $4,000, but What’s the Real Reason Why?

Price Watch – Bitcoin Passed $4,000, but What’s the Real Reason Why?

Most crypto-fans never thought they’d live to see a day when bitcoin reached its true pinnacle of financial stability, but it appears that moment has come, as the digital currency now sits proudly beyond the $4,000 mark. It’s good news for those who never lost hope. It’s also a sign that anyone who doubted the […]

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Japanese VCs Commit US$9M Investment to NEM-Based Blockchain Platform

Japanese VCs Commit US$9M Investment to NEM-Based Blockchain Platform

Three Japanese venture capital firms have pledged US$9 million in investment in COMSA, an Initial Coin Offering (ICO) fundraising and cross-chaining platform built on the NEM blockchain protocol. Nippon Technology Venture Partners, FISCO Capitals, and ABBALab are to make the investment through the COMSA ICO. Developed by Japanese startup Tech Bureau, COMSA aims to address current […]

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