Japan Will Adopt New Stablecoin Regulations by June
The Japanese authorities plan to adopt new regulations to allow non-Japanese-issued stablecoins to be listed on local crypto exchanges by June 2023.
The Japanese authorities plan to adopt new regulations to allow non-Japanese-issued stablecoins to be listed on local crypto exchanges by June 2023.
Crypto exchange Kraken has announced the suspension of its activities in Japan from January 31, 2023 and deregistration with the FSA, the country’s financial regulator.
Japan is exploring options for creating a national digital currency.
The Cabinet of Ministers of Japan has approved a reduction in requirements for issuers of tokens that are placed on exchanges.
Crypto derivatives exchange FTX has announced the launch of FTX Japan, a customer service division in Japan.
Japanese financial giant Sumitomo Mitsui Trust plans to create a subsidiary that will provide custody services for digital currencies.
SBI Holdings has reportedly purchased a controlling stake in regulated cryptocurrency exchange BITPoint.
"A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution." - Satoshi Nakamoto (Bitcoin White Paper)
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