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Mar 6, 2024 | 
asia.nikkei.com | Keita Sekiguchi
TOKYO -- With bitcoin prices touching a new high on Tuesday, its market capitalization of over $1.35 trillion approached that of silver as investments flow in due to policy-driven factors, demand as a safe-haven asset and wider adoption of the cryptocurrency. Bitcoin prices reached $69,045 on Tuesday, up more than 3% from the previous day, breaking the record high of $68,990 set in November 2021, according to research firm CoinDesk.
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Jan 26, 2024 | 
asia.nikkei.com | Keita Sekiguchi |Saki Akita
TOKYO -- Keisuke Honda, a former player on Japanese national soccer team, is launching a fund, a fund to invest in Japanese startups, with deployment of capital expected to start as early as February. The fund aims to raise 15 billion yen ($101 million) by the end of the year, primarily from domestic and foreign institutional investors.
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Sep 25, 2023 | 
asia.nikkei.com | Keita Sekiguchi |Yuki Nakamura
TOKYO -- Japan's Orix Bank and global cryptocurrency exchange group Binance Holdings are among the companies weighing plans to issue stablecoins in Japan, moves that could lead to faster, lower-cost transactions for businesses. Stablecoins are digital tokens designed to track legal tender, gold or other assets to maintain price stability. Tether and USD Coin are leading examples.
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Aug 8, 2023 | 
caixinglobal.com | Keita Sekiguchi
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(Nikkei Asia) — Japanese fintech developer Soramitsu has joined an effort to build a cross-border payment system for Asian countries involving Cambodia’s central bank digital currency (CBDC), the core of a growing international network.
Soramitsu has supported the issuance of Asian CBDCs Bakong in Cambodia and Laos’ Digital Lao Kip.
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Aug 7, 2023 | 
asia.nikkei.com | Keita Sekiguchi
TOKYO -- Japanese fintech developer Soramitsu has joined an effort to build a cross-border payment system for Asian countries involving Cambodia's central bank digital currency, the core of a growing international network. Soramitsu has supported the issuance of Asian CBDCs Bakong in Cambodia and Laos' Digital Lao Kip. Bakong is already used for QR code-based digital payments between Cambodia and Malaysia, Thailand and Vietnam.
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Aug 1, 2023 | 
asia.nikkei.com | Keita Sekiguchi
TOKYO -- Binance, the world's leading cryptocurrency trading platform, started offering services in Japan through a subsidiary on Tuesday in a bid to maintain operations in compliance with regulators. Binance entered into the Japanese market through the purchase of Tokyo-based crypto platform Sakura Exchange BitCoin in November 2022. That exchange operator officially changed its name to Binance Japan on Tuesday.
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Jun 5, 2023 | 
asia.nikkei.com | Keita Sekiguchi
TOKYO -- New Japanese cryptocurrency rules that require the sharing of customer information between exchange operators have taken effect in an effort to crack down on money laundering. The self-regulatory Japan Virtual Currency Exchange Association last Thursday introduced the so-called travel rules, which require one exchange to provide names, addresses and other customer information to another when cryptocurrency is transferred.
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May 31, 2023 | 
asia.nikkei.com | Keita Sekiguchi |Natsumi Iwata
TOKYO -- Japanese banks small and large are on track to start issuing stablecoins this year under legislation taking effect Thursday. Stablecoins -- cryptocurrencies pegged to legal tender, a commodity, or another underlying asset -- are designed to buffer against major fluctuations in value. Examples include Tether and USD Coin.
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May 10, 2023 | 
asia.nikkei.com | Mariko Kodaki |Natsumi Iwata |Keita Sekiguchi
TOKYO -- The Group of Seven countries will urge an international finance watchdog to consider tightening oversight of cryptocurrency transactions between individuals, in a bid to close loopholes for money laundering and sanctions evasion, Nikkei has learned. In their three-day meeting in Japan beginning Thursday, G-7 finance ministers and central bankers will call for the Financial Action Task Force (FATF) to explore the issue and consider possible countermeasures.
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May 2, 2023 | 
asia.nikkei.com | Keita Sekiguchi
TOKYO -- U.S.-based Securitize and Japan's SBINFT are teaming up to help companies provide NFTs as perks to retail investors holding their blockchain-based digital securities. Digital securities, or security tokens, are blockchain-based instruments typically backed by more traditional assets such as real estate, allowing the holder to earn returns in a similar fashion to other securities. Japan began allowing their sale in 2020.
