
Japan’s Money Forward plans crypto expansion
Personal budgeting app Money Forward will launch a cryptocurrency exchange and will a new set of tools for its crypto customers that will offer a new automated digital currency accounts book.
Personal budgeting app Money Forward will launch a cryptocurrency exchange and will a new set of tools for its crypto customers that will offer a new automated digital currency accounts book.
Zweispace, known for its work in the real estate technology industry, has devised a Bitcoin-based smart contract structure to handle inheritances.
The Financial Services Agency (FSA), Japan's top financial regulator, revealed that, while 160 companies are waiting in line to enter the crypto space, three cryptocurrency operators are currently being reviewed.
Japan’s Financial Services Agency (FSA), which previously had come down like a ton of bricks upon the sector in general, has promised to ensure that the domestic crypto industry will grow "under appropriate regulation."
The FSA had taken action against seven cryptocurrency exchanges—two of which were ordered to suspend business altogether.
The regulations are expected to be brought in before summer next year, with a view to provide greater consumers and investors protection.
Zaif, a cryptocurrency exchange based in Japan, has fallen victim to a hack, resulting in the loss of JPY6.7 billion ($60 million) worth of cryptocurrencies.
According to Nikkei, the two countries are revamping their CBDCs efforts in response to the growing popularity of Chinese payments apps like Alipay and WeChat Pay.
In collaboration with France's IDEMIA and Malaysia's Softspace, the Bank of Japan will pilot a project in preparation for the full-scale CBDC launch, beginning with a touch payment infrastructure.
Following rigorous planning and preparation, investment bank Nomura has entered the digital asset industry under a newly formed arm, focusing on trading, venture capital, and investment products.
Yahoo! Japan is ready to launch the new cryptocurrency exchange, according to an update, and will offer trading in BTC and ETH as base currencies.
ecommerce giant Rakuten said that it had decided to acquire a cryptocurrency exchange in Japan, called Everybody's Bitcoin, to continue diversifying its interests and thus also entering the crypto space.