Japan

The post  Ripple Teams Up with HashKey DX and SBI to Deliver XRPL-Powered Solutions in Japan appeared first on Coinpedia Fintech News Ripple made a huge announcement earlier today. It unveiled its collaboration with HashKey DX and SBI Ripple Asia, a joint venture between SBI Holdings and Ripple, which is set to introduce enterprise blockchain solutions to the Japanese market.  Expanding XRPL-Based Supply Chain Finance Solution and Adoption In its official press release, Ripple announced that, as part of their…

[PRESS RELEASE – Tokyo, Japan, April 7th, 2024] Decentralized payment protocol Slash has announced the launch of a joint marketing event with perp DEX platform dYdX Japan. Aimed at fostering business development in the Asian market, the campaign will run from April 3 until April 17. The campaign offers an exciting opportunity for participants to win exclusive dYdX branded swag. Five lucky winners will be selected by lottery from Campaign OAT (On-chain Achievement Token) holders, with the lottery results announced…

The Japan Government Pension Investment Fund (GPIF) could drive Bitcoin inflows after the central bank increased interest rates to 0%. The state pension fund published a request seeking “basic information” on the investment philosophy of illiquid alternatives to domestic bonds, domestic stocks, foreign bonds, foreign stocks, real estate, infrastructure, and private equity. Why Japan Could Drive Bitcoin Demand The institution is considering gold, Bitcoin, farmland, forests, and other alternatives to include in a low-yield portfolio. GPIF is currently the world’s…

The Japanese government is ready to amend its foreign exchange policy. This move is part of global efforts to bar Russia from avoiding financial restrictions via crypto. Japan to Block all Loopholes Japan is not the first nation to revise its laws in the aftermath of Moscow’s invasion of Ukraine. The Russian Federation is reportedly leveraging digital assets as escape routes to ameliorate the effect of Western sanctions. Due to this, nations like Japan world have begun reviewing crypto regulation…

Roughly $6 billion worth of Bitcoin (BTC) could fall into the hands of thousands of Mt. Gox creditors around the world. It may happen next month when a bankruptcy case in Japan concludes. The Mt. Gox bitcoin exchange case resolution could create a lot of new bitcoin millionaires. That is because a more significant percentage of the 36,800 creditors of Mt. Gox has payout claims in bitcoins. These creditors have been waiting for almost a decade for reimbursement. Japan-based Mt. Gox…

On Thursday, Tokyo-based Japanese crypto exchange Liquid revealed hackers had compromised it. Liquid did not exactly put up any figure on the amount stolen from the warm wallets. However, Elliptic estimated the hackers made away with about $97 million in digital coins.  The figure included $31 million in ether, $5 million in bitcoin, $13 million in XRP, and stablecoins. $45 million of the amount was in Ethereum tokens. Liquid said that the conversion of the digital assets to ether is underway. This…

Asian nation Kyrgyzstan is set to license cryptocurrency exchanges operating within the country. According to authorities, this move is to prevent fraudulent activities as the popularity of Bitcoin grows in the country.  Impending Crypto Regulation Tolbunbek Abdygulov, the Chairman of the National Bank of Kyrgyzstan (NBKR), revealed this development on Friday. According to Abdygulov, the Apex bank wants to regulate crypto exchanges and offer licenses to approved platforms. "We plan to grant a license to cryptocurrency exchange operators to buy…

Social messaging platform LINE is set to develop a blockchain platform for Central Banks Digital Currencies (CBDC). Korean paper Chosun reported on Monday that LINE is in discussion with several Asian banks regarding the new development. The blockchain platform would enable the Central bank to launch CBDCs in a safe and scalable environment. Central Banks would also be able to add customizable features on the platform using different economic parameters. LINE has been proactive in its use of blockchain technology.…

Despite their growing popularity, Bitcoin and other virtual currencies are still not accepted in many states and nations. There are varying levels of ‘crypto-friendliness’ in different countries, which refers to each government’s policy regulations to support (or against) cryptocurrencies. Some, like Ecuador and Bolivia, have banned the use of decentralized currencies altogether. However, others have a more accepting or positive stance towards crypto. These five are some of those countries that are generally crypto-friendly: Malta The small nation of Malta,…