Tag: Japan

Bank of Japan Governor Kuroda casts doubt on Bitcoin
May 31, 2021 BY Steffy Bogdanova

Bank of Japan Governor Kuroda casts doubt on Bitcoin

Kuroda went on to differentiate Bitcoin from stable coins which are known to have their value backed up by assets. Stable coins are also obliged to meet regulatory governance codes and legal standards, meaning that the Governor is under the impression that they could well become a suitable trading alternative in the near future. Volatility…

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Japan
September 21, 2020 BY Steffy Bogdanova

Crypto exchange Kraken returns to Japan

Kraken made its exit from the Japan market in 2018 so that it can refocus its resources on other markets that were growing exponentially at that time. The crypto exchange has been preparing for re-entering Japan for two years. In that period, the company established a Tokyo-based subsidiary, Payward Asia and built internal governance and…

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Japan
March 23, 2020 BY Steffy Bogdanova

Japan considers spending ¥30 trillion to counter coronavirus impact

During the 2008 global financial crisis, caused by the implosion of US housing market, Japan released packages for over ¥15 trillion to combat the financial crisis. Liberal Democratic Party policy chief Fumio Kishida said: We need more drastic measures. Policy chief at Komeito, the LDP’s coalition partner, Noritoshi Ishida suggested granting fixed amount without setting…

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Japan
December 27, 2019 BY Valentina Kirilova

90% of institutional investors worried over Japan's tougher rules on foreign investment

Japan times reported earlier this week that according to a private survey nearly 90% of institutional investors are worried about the possible negative effects of a law revision, tightening restrictions on foreign investment. The law was enacted in November 2019 and is expected to take effect around May next year. The new law requires foreign investors to notify…

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Japan
December 12, 2019 BY Valentina Kirilova

JPMorgan to launch blockchain payment network in Japan in January

JPMorgan’s interest in blockchain technology received a great deal of press back in February of this year, when we reported that it would be “the first major bank to embrace the crypto revolution in a significant way by issuing its own proprietary stablecoin to speed up cross-border payments and gain other operating efficiencies, as well”.…

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USD/JPY AUDJPY
October 09, 2019 BY Mariela Naydenova

Political donations in crypto - now popular in Japan

Japan is known for being a crypto-friendly country. However, the country has  moved a step further and is now allowing political donations in cryptocurrencies. These will not be regulated, according to politician Ms. Sanae Takaichi. Japan does not consider cryptocurrencies as legal tender, and any regulatory action on political donations will affect only stock and…

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