Fujitsu completes blockchain-based project for cross-border transactions
Fujitsu states it will explore other applications for its blockchain-based project across multiple sectors, including distribution and manufacturing.
Latest Japan News
MUFG to onboard Japanese banks on its stablecoin issuance platform
MUFG revealed that it would collaborate with blockchain infrastructure providers TOKI and Datachain to create a bridge to facilitate cross-chain transactions between distributed ledgers.
Japanese regulator warns OpenAI over alleged illegal data collecting methods
Japan’s Personal Information Protection Commission warned OpenAI to reevaluate its data collection methods and ensure compliance with existing rules.
Japan: Experts and researchers raise concerns over AI copyright infringement
The top of concern for artificial intelligence (AI) experts in Japan is using copyrighted materials to train AI models, which could open the floodgates for an avalanche of legal cases.
Japan digital yen pilot is a go after successful second proof-of-concept
The Bank of Japan clarified that it has yet to decide on launching a digital yen but will open a discussion with the public via a CBDC forum before making a decision.
7 central banks team up with BIS to examine policy issues for CBDC launch
The research paper focused solely on retail central bank digital currencies, which explored potential legal issues and the need to engage with stakeholders for optimum results.
Japan to impose stricter AML measures for digital currencies in June 2023
Aiming to align with global AML standards, Japan is pushing for enhanced digital asset regulation in hopes that the move would help avoid the recurrence of large-scale collapses in the industry.
G7 finance ministers renew support for digital asset monitoring, CBDC research
G7 member nations reiterate that CBDCs could play a major role in maintaining a good financial system but, similar to existing technologies, have to be monitored and regulated for potential risks.
North Korea stole $1.2 billion from Japan, Vietnam: Elliptic
Japan accounted for 30% of digital assets stolen globally, and Elliptic’s research traced them to Lazarus Group, the hacking group with links to North Korea.
Amber plots exit from Japan amid plans to focus on institutional clients
Amber's Japan operations seem to be grinding to a halt as the firm looks into restructuring its business and applying a license to countries that are more friendly toward digital currency exchanges.
Mt. Gox creditors close to receiving repayments
Mt. Gox creditors will soon be able to take hold of their funds after the deadline for the payment method has lapsed, although a court said it could take a while before the money could be fully released.
Bybit, 3 others flagged in Japan over alleged unlicensed digital currency exchange operations
Japan is tightening the screws on the local digital asset sector, recently flagging four companies on allegations that they violated fund settlement laws by operating without a necessary permit.