Search Results for: Mitsubishi

Coinbase Lands in Japan, Pairing with Mitsubishi UFJ Financial Group to Expand Crypto Trading

US cryptocurrency exchange Coinbase announced Thursday that it has partnered with Japan’s largest bank Mitsubishi UFJ Financial Group (MUFG), to expand cryptocurrency trading in Japan. The cooperation between Coinbase and the banking giant Mitsubishi UFJ Financial Group, which has 40 million Japanese customers, is fully in line with its strategic goals for global development, Coinbase … Continue reading Coinbase Lands in Japan, Pairing with Mitsubishi UFJ Financial Group to Expand Crypto Trading

Mitsubishi UFJ Trust Bank and Ginco Collaborate to Offer Japan's First Crypto Asset Trust Services

Mitsubishi UFJ Trust Bank and Ginco announced on August 31 that they have initiated a partnership to offer Japan’s first-ever trust services for crypto assets. This move comes as institutional investors globally are increasingly seeking custody services for digital assets. Regulatory Landscape Mitsubishi UFJ Trust Bank had previously secured two patents related to trust services … Continue reading Mitsubishi UFJ Trust Bank and Ginco Collaborate to Offer Japan's First Crypto Asset Trust Services

MUFG Seeks Seamless Automatic Securities Settlement via Blockchain

MUFG (Mitsubishi UFJ Financial Group), one of Japan’s biggest banking institutions, has announced the establishment of an ST (Security Token) Research Consortium intended at protecting investors’ rights, as well as offering fund settlement and seamless automatic securities settlement via blockchain.  Blockchain is touted to be ideal in tackling counterparty risk that is presently a challenge … Continue reading MUFG Seeks Seamless Automatic Securities Settlement via Blockchain

Thailand’s Bank of Ayudhya Unveils Blockchain-Based Platform for Cross-Border Funds Transfers

In recent years, the emergence of distributed ledger technology (DLT) has spurred discussions regarding the future of financial market infrastructures supporting securities and payments settlements. Cross-border funds transfers involve multiple entities across various jurisdictions. Whereas the demand for cross-border payments is on the increase, they are frequently characterized as costly and slow when compared with … Continue reading Thailand’s Bank of Ayudhya Unveils Blockchain-Based Platform for Cross-Border Funds Transfers

Six Cryptocurrency Trends to Watch in 2020

2019 was a remarkable year for the global crypto market. The year involved great trading solutions, new groupings, and many blockchain protocols emerging and maturing. In short, the crypto and blockchain market was far from slowing down as the momentum was gradually picking up.  2020 promises to deliver some significant developments which will help new digital … Continue reading Six Cryptocurrency Trends to Watch in 2020

Coinbase Takes a Step Further into the Japanese Crypto Market

Coinbase has been licensed in Japan since 2019 and has registered as second-class members of the Japan Virtual Currency Exchange Association (JVCEA), a self-regulatory organization for the crypto industry in Japan.   Along with Coinbase, Digital Asset Markets, and Tokyo Hash have also registeredas second-class members according to the JVCEA. Joining as second-class members with the agency allow the companies to be registered … Continue reading Coinbase Takes a Step Further into the Japanese Crypto Market

Over 30 Japanese Firms to Conduct Digital Yen Pilot Test

Over 30 major Japanese companies will collaborate on a pilot experiment to issue a private digital currency, or digital yen. According to Reuters, the pilot project will begin in 2021. A group of Japanese companies, made up of  Japan’s three largest banks, retail companies, utility firms, telecommunication companies, and stock brokerage firms, are set to … Continue reading Over 30 Japanese Firms to Conduct Digital Yen Pilot Test

SBI to Launch the First Crypto Fund for Long-term Investors in Japan at the end of November

The Japanese Financial Giant SBI Group stated that it will launch its first cryptocurrency fund in Japan before the end of November this year to provide Japanese investors with a more diverse portfolio. According to a Bloomberg report on Thursday, the fund will provide cryptocurrencies such as Bitcoin, Ethereum, Ripple, Bitcoin Cash, and Litecoin. SBI … Continue reading SBI to Launch the First Crypto Fund for Long-term Investors in Japan at the end of November

Japan’s Major Banks Join Consortium of Private Firms to Launch Yen-Based Digital Currency

A consortium of 79 Japanese firms, including the country’s largest banks, have joined forces to participate in the trial and a potential launch of a new digital version of the Japanese Yen in fiscal 2022.  Led by a startup, DeCurret cryptocurrency exchange, these private firms are developing a platform known as Digital Currency JPY (DCJPY) … Continue reading Japan’s Major Banks Join Consortium of Private Firms to Launch Yen-Based Digital Currency

Japan’s Financial Regulator Proposes New Legislations, Limiting Stablecoin Issuance to Banks

On Monday, December 6, Japan’s Financial Services Agency (FSA) announced that it will propose legislation in 2022 that seeks to limit the issuance of stablecoin to banks and wire transfer companies. The major financial market regulator stated that limiting the stablecoin issuances will assist in reducing down risks, as banks have the responsibility of protecting … Continue reading Japan’s Financial Regulator Proposes New Legislations, Limiting Stablecoin Issuance to Banks

Exit mobile version