Japan’s MUFG to Launch Bank-Backed Stablecoins on Numerous Public Blockchains
Progmat Coin will facilitate the issuance of bank-backed stablecoins on various public blockchains, including Ethereum, Polygon, Avalanche, and Cosmos
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Latest firstBinance Unveils Plans for Japanese Platform; Transition Phase Commences
The cryptocurrency exchange Binance has started the process of creating a new, fully-licensed subsidiary in Japan.
Unregistered Operation: Japan’s FSA Flags Crypto Giants Binance, Bybit
As it cracks down on cryptocurrency exchanges in Japan, the FSA of Japan issues warnings to companies like Binance, Bybit, MEXC Global, and BitForex regarding unregistered activities.
Japan Plans for Expert Panel Formation to Explore Digital Yen
The Finance Ministry of Japan intends to convene an expert group the following month to examine the viability of issuing a digital yen.
Japanese tech giants join forces to create a metaverse economic zone
The Japan Metaverse Economic Zone, made up of ten tech firms, is developing an open metaverse facility from a "role-playing game" perspective.
Bank of Japan to launch CBDC pilot testing in April
BOJ to establish a CBDC Forum and invite private businesses engaged in retail payments to participate.
Japan’s FSA to let stablecoin listings by June 2023
Japan’s FSA will only allow stablecoins that successfully pass individual checks ensuring that they provide user protection
Coinbase shuts down operations in Japan amid crypto winter
Coinbase Japan users will have until February 16, 2023 to withdraw their fiat and crypto holdings from the platform.
Crypto Exchange Kraken leaves Japan for second time, cites “poor crypto market”
According to the cryptocurrency exchange, it will cease to be an operator of a crypto asset exchange with the Financial Services Agency of Japan as of January 31.
Japan may loosen its restriction on foreign-issued stablecoins
In 2023, it is expected that Japan's Financial Services Agency might lift the ban on the domestic circulation of stablecoins produced abroad.