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Crypto exchange Coinsquare’s global expansion starts in Japan
Coinsquare will open the new exchange in Japan jointly with venture capital firm Dlta21x formally Protos Blockchain Corp.
Coinsquare will open the new exchange in Japan jointly with venture capital firm Dlta21x formally Protos Blockchain Corp.
The warning supposedly came as a result of Binance operating in Japan without a license, and was announced following the March 7 hack of the exchange.
The panel will launch in April under the Finance Ministry and will build on the two years’ worth of studies and tests by the Bank of Japan, according to reports.
Bank of Japan Governor Haruhiko Kuroda stressed the need for Japan to prepare thoroughly for a time in which it may need to issue a digital yen.
The group was founded by DeCurret exchange, and includes representatives from three of Japan’s megabanks.
Bithumb, a cryptocurrency exchange based in South Korea, is already working to obtain regulatory approvals from Thailand's Securities and Exchange Commission to set up an exchange in the country, according to reports.
Bitcoin Core (BTC) has become ineffective for payments, due to slow processing times and high transaction fees, relative to other Bitcoin payment solutions, such as Bitcoin SV.
Japanese financial services giant SBI Group has teamed up with blockchain security startup Sepior to create a “secure online wallet” for its recently launched cryptocurrency exchange.
Japan is dead set on lifting the ban on stablecoins, with authorities gathering feedback on easing restrictions, opening a pathway for seamless stablecoin trading.
Huobi Japan is set to list Bitcoin SV on its platform in a few weeks’ time, making it much easier for residents in Japan to acquire and trade BSV.
The Philippines has partnered with Japan in its efforts to build Asia’s crypto valley, focusing on securitization. The development includes an $80M airport.
The amount stolen this year was substantially larger than the equivalent figure recorded in 2017, with JPY60 billion stolen so far across 158 separate thefts in Japan alone.