2023-10-26 23:18 |
Japan’s stablecoin regulations attempt to address some of the biggest fears about major stablecoins: Do issuers really have the assets to back them?
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Even before any other country could come out with legislation to regulate stablecoins, Japan became the first significant economy to pass such a bill for investor protection. The post Japan Passes Landmark Law Around Stablecoins to Protect Investors After Terra Debacle appeared first on BeInCrypto.
2022-6-4 20:15 | |
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Japans parliament has passed legislation clarifying the legal status of stablecoins. The new bill also mandates that any entity providing stable crypto assets must guarantee holders the right to redeem...
2022-6-3 13:48 | |
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After the US, Japan is focusing on stablecoins and is acting to limit the number of companies that can issue these assets backed by fiat currency, according to a Nikkei report. The country’s top banking regulator, Financial Services Agency (FSA), is reportedly planning to propose legislation next year to restrict the issuance of stablecoins to […] The post Japan’s Top Financial Regulator Planning to Limit Stablecoin Issuance to Banks & Wire Transfer Companies first appeared on BitcoinExchangeGuide.
2021-12-7 18:56 | |
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Stablecoins have thrived in unregulated shadows, with tokens in circulation now worth more than $127 billion. Today, these are widely being used for transactions that resemble traditional financial prThe post Japan's FSA to introduce new legislation on stablecoin issuers in 2022 appeared first on AMBCrypto.
2021-12-7 09:50 | |
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Japan's top regulator is aiming to restrict stablecoin issuance
2021-12-7 21:38 | |
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Meanwhile, Bank of Japan Governor Haruhiko Kuroda showed concerns towards stablecoins which are “closely linked to the central bank currency,” as they could have “some impact on the financial system.
2021-10-4 16:08 | |
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Japanese officials are aiming for more global regulations against digital currencies and stablecoins
2021-7-16 17:16 | |
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The Japanese Ministry of Finance is hiring more staff to develop stricter global rules for digital currencies, particularly fiat-pegged stablecoins.
2021-7-17 12:00 | |
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Bank of Japan Governor Haruhiko Kuroda has joined the ranks of many central bankers denouncing bitcoin but admits there is potential in stablecoins. The post Bank of Japan Embracing Stablecoins Potential but Still Wary of Crypto appeared first on BeInCrypto.
2021-5-28 14:31 | |
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In a recent interview in Japan, Ripple's Senior Director of Global Operations revealed that XRP does not compete with CBDCs or stablecoins; it chases the same goal
2020-8-19 11:23 | |
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The Japan Cryptoasset Business Association (JCBA) has created a Stablecoin Subcommittee to develop an understanding of the potential risks and benefits of stablecoins
2020-7-19 14:00 | |
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Ever since China announced its intention to launch the digital representation of Yuan, multiple countries are contemplating the idea of cryptocurrencies and stablecoins. Japan is one such country, witThe post Japan's lawmakers urge govt.
2020-2-7 10:44 | |
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The governor of the Bank of Japan has called for global cooperation in regulating stablecoins like the Facebook-led Libra.
2019-9-24 11:15 | |
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Japan’s authorities continue to practice in regulation, while the local industry is going full crypto — read more in our analysis
2019-3-5 16:20 | |
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In today’s edition of The Daily we feature another recent example of venture capital infusion into the cryptocurrency space as Japan’s SBI invests in the BRD wallet. We also cover a recent security vulnerability that was detected on the P2P exchange Localbitcoins, and a new AML/KYC compliance solution for stablecoins.
2019-1-27 13:05 | |
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Crypto Garage, a subsidiary of the Japanese IT company Digital Garage, Inc, announced on January 21, 2019, that it would test issuance of JPY stablecoins on their SETTLENET platform. The Stablecoin Euphoria Expands to Japan The blockchain fintech company will pilot a delivery versus payment settlement service between JPY tokens and digital assets in a project fully authorized under the.
2019-1-22 14:00 | |
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The Financial Services Agency of Japan has resolved to refer to cryptocurrencies as “crypto assets” in order to prevent confusion with legal tender. Also in The Daily, the Justice Ministry in Moscow has confirmed that it classifies digital coins as “other property.
2018-12-15 17:15 | |
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A Japanese bank has taken advantage of the ruling that stablecoins are not cryptocurrencies. The First Bank of Toyama has launched a pilot project to test its own stablecoin, the First Bank Coin (FBC), and plans to commercialize the token in October 2019.
2018-11-5 16:59 | |
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Through their blog post, digital asset platform Liquid declared that they will be listing USD Coin (USDC) and Gemini dollar (GUSD) to their platform. Liquid is a crypto exchange from Japan that went live in September 2018.
2018-11-4 06:41 | |
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The lack of uniformity in stablecoins has led Japan’s Financial Services Agency (FSA) to conclude that stablecoins are not cryptocurrency. Not All Digital Assets Are Created Equal Japan’s Financial Services Agency (FSA) recently announced that it does not believe stablecoins should be classified in the same category as cryptocurrencies.
2018-10-30 19:00 | |
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The Financial Services Agency is the top financial regulator in Japan, and they recently release a report to Bitcoin News exclusively to dictate the way that they classify stablecoins. More specifically, they stated that stablecoins are not categorized as cryptocurrencies, based on two particular pieces of legislation. In the Fund Settlement Law and the recently […]
2018-10-30 03:29 | |
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Stablecoins are their own thing.
2018-10-30 00:17 | |
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The Japanese Financial Services Agency revealed exclusively to Bitcoin News today that, under current law, stablecoins are not cryptocurrencies. Currently there are two pieces of legislation that cryptocurrency companies must satisfy in Japan.
2018-10-29 15:08 | |
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Japan’s top financial regulator, the Financial Services Agency, has exclusively explained to news. Bitcoin. com how stablecoins are treated under current Japanese law. In addition to emphasizing that they are not virtual currencies, the regulator clarified the registration requirements for their issuers and dealers.
2018-10-29 08:15 | |
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Huobi Group revealed at the World Blockchain Summit in Dubai that the company is looking to expand its operations to the Middle Eastern, African and South Asian markets in a bid to provide services to its unbanked or underbanked residents.
2018-10-26 21:07 | |
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GMO Internet Group is working to launch a stablecoin by 2019. In an announcement released on Tuesday, October 9, 2018, the Japanese IT conglomerate said it is putting all gears in place to begin building its stablecoin, called the GMO Japanese Yen (GJY).
2018-10-10 02:10 | |
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A growing number of cryptocurrency exchanges in India are adding stablecoins such as trueusd (TUSD) and tether (USDT) to their platforms. They are part of the solutions exchanges have come up with in order to minimize the impact of the crypto banking ban imposed by the country’s central bank.
2018-8-13 01:10 | |
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Reebok, the iconic sportswear brand, has unveiled “Reebok Impact,” an AI-driven fashion initiative on Instagram. This new platform hopes to transform sneaker culture by enabling everyday users to create custom digital sneakers using AI technology.
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