
Japan moving away from stablecoin restrictions in the new year
Japan is dead set on lifting the ban on stablecoins, with authorities gathering feedback on easing restrictions, opening a pathway for seamless stablecoin trading.
Japan is dead set on lifting the ban on stablecoins, with authorities gathering feedback on easing restrictions, opening a pathway for seamless stablecoin trading.
Akihisa Shiozaki, a Japanese lawmaker, noted that the failure to conduct due diligence led to losses of thousands of Japanese investors as the FTT token's value tumbled overnight.
FTX Japan had been ordered to shut down its services, but an FSA extension pushes this to March as customers continue to wait for their funds.
Binance is making a backdoor move into Japan while its botched attempt to make a similar move into the U.K. isn’t stopping local courts from putting the digital asset exchange in the hotseat.
The central bank stated that the pilot would be conducted with a trio of mega banks and regional banks with a keen focus on the issuance and withdrawals of the state-backed digital currency.
FTX Japan halted withdrawals amid the collapse and bankruptcy filing of SBF’s FTX empire, with Japan’s regulator, FSA, ordering it to suspend operations.
The exchange blamed the decision on the prolonged “crypto winter” plaguing the digital asset industry since the second quarter of the year.
FTX Japan has gone into “close-only” mode, where users can only close out existing positions but can’t create new ones following the FSA’s suspension order.
LINE NEXT's newest marketplace, DOSI, looks to showcase Southeast Asia's arts and culture in the digital age while working on boosting the mass adoption of NFTs.
NTT Docomo's first step in the plan is to build a technology infrastructure for its foray into the digital asset industry before issuing digital assets, exchange, and wallet services to its users.
After relaxing its digital asset listing regulations, Japan has its eyes set on improving taxation directives under a white paper being worked on by lawmaker Masaaki Taira.
The Digital Agency of Japan follows a Wyoming legislation that conferred legal status on a DAO, recognizing it as a legal entity in a trailblazing move.