Japanese Megabank MUFG Seeks to Roll Out an Original Digital Coin Pegged to the Yen Within 2019
Mitsubishi UFJ Financial Group, Inc. (MUFG) is reportedly seeking to put a digital currency called “coin†into practical use in the latter half of 2019. MUFG is currently developing “coin†as a digital currency based on blockchain technology. News of…
One by One, Japan’s Major Firms Are Launching Services Related to Cryptocurrency
Rakuten Wallet, Inc., a cryptocurrency exchange under the umbrella of the major e-commerce and internet service firm Rakuten Inc., announced that it will launch a cryptocurrency service in Japan from June. The company will open the application process to create…
G20 Summit in June to discuss cryptocurrencies
Japan’s Sankei Shimbun reported on March 25 that cryptocurrencies are expected to be included on the agenda of the G20 Osaka Summit scheduled for June 2019. The Japanese government intends to take the lead in developing rules by concurrently pursuing…
Japan changes the term “virtual currency†to “crypto asset,†obtaining Cabinet approval for the proposed revision
On March 15, the Japanese government made a Cabinet decision on the proposed revision to the Financial Instruments and Exchange Act and Payment Services Act, which included changing the term “virtual currency†to “crypto asset.†In the draft report…
The Japan Cryptocurrency Business Association issues recommendations on ICO regulations
On March 8, the Japan Cryptocurrency Business Association (JCBA), a membership organization with the aim of achieving the sound development of the cryptocurrency business, released “Recommendations on New ICO Regulations,†which contain recommendations for Initial Coin Offerings (ICOs: financing using…
Cryptocurrency exchange under the Rakuten brand finally makes its debut in Japan
everybody’s bitcoin Inc., a Japanese cryptocurrency exchange operator, announced on March 1 that it had changed its trade name to Rakuten Wallet, Inc. In August 2018, e-commerce giant Rakuten, often referred to as Japan’s Amazon, acquired all of the shares…
How to Stay Safe with Bitcoin
This article was originally published at BestVPN.com. The nonstop increase of Bitcoin price over dollar has shown its reverse side. It has given birth to a brand new cybercrime industry based on numerous scams, even if they are easy to…
Mizuho Bank launches J-Coin Pay digital currency platform in March
On February 20, Mizuho Bank, one of the largest banks in Japan, announced a plan to launch a new bank digital currency platform called J-Coin Pay in March 2019 in cooperation with about 60 financial institutions. J-Coin Pay uses QR…
Rakuten launches a new corporate structure in April—Will cryptocurrency payments be a part of the Rakuten ecosystem?
At an earnings briefing held on February 12, Rakuten, Inc. (TSE: 4755) announced a plan to update its Rakuten Pay App on March 18. The update will consolidate all of Rakuten’s electronic points and money, namely Rakuten Points, Rakuten Cash,…
Japan’s FSA reports a sharp decline in the number of inquiries related to cryptocurrencies
On February 8, the Financial Services Agency (FSA) issued a report entitled: “Status of Inquiries and Other Communications Received by Counseling Office for Financial Service Users.†The report shows the number and details of inquiries and other communications received by…