Japan’s digital yen to prioritize simplicity and interoperability
Japan’s central bank will uphold simplicity in its design of a CBDC, with a senior official saying this is key in making it interoperable with payment systems.
Latest Japan News
Japan’s FSA plots harsher digital currency regulation
The regulations are expected to be brought in before summer next year, with a view to provide greater consumers and investors protection.
Japan’s Liquid Exchange hacked, nearly $80M on in digital assets missing
Liquid Exchange confirmed that the attackers had targeted its hot wallets and made away with 100+ BTC, 9 million XRP and tens of millions of ERC-20 tokens.
Japan FSA: We need more convincing on the merits of digital currencies
FSA chief Junichi Nakajima believes the country needs to investigate further on the merits of digital currencies before making it easier for investors to access them.
Japan forms unit to oversee digital currencies as it steps up regulation efforts
The country’s financial services regulator has reportedly established a new unit that will oversee the industry, even as the Finance Ministry increases its headcount to better police the rapidly growing industry.
Suspects behind $54M AI-based digital currency scam in Japan arrested
Oz Project claimed to guarantee users that they would get 100% of the principal they put in as well as “2.5 returns on their investment in four months,” according to local media reports.
Regulatory walls are closing in on Binance
Binance came under regulatory fire on three continents in the space of a single weekend, another sign that the enforcement walls are rapidly closing in on the troubled cryptocurrency exchange.
Mt. Gox trustee invites creditors to vote on rehabilitation plan
In a “Notice of Release of Online Voting Function,” the court-appointed trustee Nobuaki Kobayashi has invited creditors to consider and vote for the plan, should it meet their approval.
Japan warns derivatives platform Bybit over alleged illegal operations
The Financial Services Agency said Bybit is allowing Japanese residents to register and leverage the exchange, despite not having the proper registration to offer such services in the country.
Bitcoin Association appoints new ambassadors for Japan and the South Pacific to advance Bitcoin SV
With the addition of George Siosi Samuels as the Ambassador for the South Pacific and Masumi Hamahira as another Ambassador for Japan, Bitcoin Association now has 22 Ambassadors representing 23 countries and territories.
Japan central bank kicks off digital yen feasibility study
The central bank of Japan has started the first phase of a feasibility study with a goal of testing the CBDC’s basic functions including issuance, distribution and redemption.
Bank of Japan forms new committee to coordinate CBDC efforts
The Liaison and Coordination Committee will focus on facilitating smooth implementation of the proof of concept for the central bank digital currency.