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Japan Aims to Curb the Potential Influence of China’s Digital Currency With Help From the US

Aiming to curb the potential influence of China’s digital currency electronic payment, its nation’s central bank digital currency, Japan is looking to release its own digital currency proposals today. According to Prime Minister Shinzo Abe, the country is also requesting support from the US Federal Reserve.   Norihiro Nakayama, the Vice-Minister for Foreign Affairs in Japan and the … Continue reading Japan Aims to Curb the Potential Influence of China’s Digital Currency With Help From the US

Tables Turn for Japanese Man After Being Convicted for Secretly Installing a Crypto Mining Program

The Tokyo High Court has dismissed the acquittal of a 32-year-old Japanese man who had been let off the hook by the Yokohama District Court in March 2019 after being accused of unlawfully inserting a cryptocurrency mining program dubbed Coinhive. The high court reversed the previous ruling as it found him guilty of secretly inserting … Continue reading Tables Turn for Japanese Man After Being Convicted for Secretly Installing a Crypto Mining Program

Japan’s Nomura Research Institute Considers Introducing a New Cryptocurrency Index

Cryptocurrency investment solution provider Intelligence Unit (IU) announced a partnership with Japanese-based consulting company Nomura Research Institute (NRI) to introduce a new cryptocurrency index, popularly known as IU/NRI Crypto-Asset Index.  The new cryptocurrency index offers an investment solution for financial institutions in Japan as well as global investors. The index will be drawing data from … Continue reading Japan’s Nomura Research Institute Considers Introducing a New Cryptocurrency Index

Japanese Lawmaker Urges Digital Yen Development to Curb China Dominance

Japanese Lawmaker, Kozo Yamamoto has called for the expedited development of Japan’s digital yen as the race to be the first nation with an operating central bank digital currency (CBDC) heats up. Yamamoto who is Head of Bank and Finance Systems Research Commission at the Liberal Democratic Party (LDP), said that Japan should create a … Continue reading Japanese Lawmaker Urges Digital Yen Development to Curb China Dominance

How Far Away is Japan’s CBDC? Bank of Japan Meets with Monetary Authorities on Potential Digital Yen Issuance

Leaders of the Ministry of Finance (MOF), the Financial Services Agency (FSA) and the Bank of Japan (BOJ)  have recently held a number of meetings to examine the possible issuance of their own digital yen in the very near future. As published by the Japan Times, the most recent meeting took place last month, bringing together … Continue reading How Far Away is Japan’s CBDC? Bank of Japan Meets with Monetary Authorities on Potential Digital Yen Issuance

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

Japan Rural Dwellers to Experience the Use of Blockchain in Property Acquisitions

A new platform has shown through trial methods that the Japanese real estate fund was more efficient, transparent, and compliant with the use of digital securities and blockchain technology. The details of the experiment were published in a Medium post on March 10. Securitize Inc., a company with aims to modernize capital markets by creation … Continue reading Japan Rural Dwellers to Experience the Use of Blockchain in Property Acquisitions

Malware Botnets Hijacked Microsoft SQL Databases to Mine Cryptocurrency Causing Concern

Guardicore, a cloud security and data center firm, has issued a report showing how a malware botnet, tracked as Vollgar botnet, has been hijacking Microsoft SQL Server (MS-SQL) databases around the world and forcing them to mine the cryptocurrencies Vollar and Monero. Botnet dangers and potential damage The crypto-mining botnet has been used to create … Continue reading Malware Botnets Hijacked Microsoft SQL Databases to Mine Cryptocurrency Causing Concern

What are the New Amendments in Japan’s Crypto Laws to be Enforced Next Month?

Japan will be enforcing new cryptocurrency-related regulations in May, as two of the pieces of legislation were passed by the Japanese House of Representatives last year. The Payment Services Act (PSA) and the Financial Instruments and Exchange Act (FIEA) were originally scheduled to come into effect in April, however, there has been a delay and … Continue reading What are the New Amendments in Japan’s Crypto Laws to be Enforced Next Month?

Researchers of Japan’s Blockchain-Based Digital Court Face Backlash Due to its Decentralized and Unregulated Nature

Researchers in Japan have been looking into a blockchain-based mechanism to settle legal disputes in a “digital court,” aiming to perform legal actions with a more cost-efficient legal process. Professor Hitoshi Matsushima, from the University of Tokyo, and Shunya Noda from the University of British Columbia have been leading the project, as the University of … Continue reading Researchers of Japan’s Blockchain-Based Digital Court Face Backlash Due to its Decentralized and Unregulated Nature

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