The Japanese MNCs will use blockchain security to ensure the security and integrity of production data sharing system. Basically, the system enables the sharing of production data between various notable business firms. Integrating blockchain will secure the share of production data. It will allow the firms to decide how much amount of data they can […]
Japan’s e-commerce goliath Rakuten join hands with JR East, the biggest Japanese railway firm. The joint partnership will result in the promotion of digital payments. The news comes from a Japanese crypto-based news outlet. The launch of the forthcoming service will take place in next year’s spring. The service will help the commuters or passengers […]
The Japanese Crypto Exchange TaoTao will soon begin trading from 30th May 2019. This info comes from the platform’s official Twitter handle. Popular search engine Yahoo owns 40% of TaoTao. As per hearsays, the company has invested a massive $2 billion dollar for TaoTao. The exchange will support trading of Bitcoin, Ether, Litecoin, XRP and […]
Japan’s Financial Services Agency (FSA) is apparently taking action against crypto transactions. It will check the policies of crypto trades. The agency will deal with unknown exchanges or the ones having a frail identity practice. This will be done in anticipation of a review by the Financial Action Task Force (FATF) this fall. Nikkei Asian […]
New crypto regulations passes to the upper house from the Japanese parliament. This information has come from the local news agency report. As per the report, emendations made to two of Japan’s financial laws, the Financial Instrument and Exchange Act and Payment Service Act. It aims to vitalize the provincial regulations of the crypto trading […]
Itochu Corporation, a Japan-based trading company, has started a Proof-of-concept which will focus on developing a blockchain traceability system for enhancing the trading processes. As per reports, the platform will enable buyers and sellers record the transaction details such as date, time, location, etc. on blockchain via a smartphone app. The PoC will use the rubber supply chain of Pt. Aneka Bumi Pratama, an Indonesia-based crumb rubber firm co-owned by Itochu.
Mitsubishi UFJ Financial Group, one of the largest banks in Japan, has partnered with Akamai, an American internet startup, to build a blockchain-based payments network in Japan before the 2020 Olympics. As per sources, the blockchain-based platform is expected to ease faster cross border transactions carrying out a million transactions per second.
Blockstream, a blockchain startup, has announced the launch of a joint venture with Digital Garage, an early-stage investor and incubator in Japan. The new venture is called as Crypto Garage and intended at developing Bitcoin and blockchain solutions for the Japanese market. Blockstream is said to offer technical expertise supporting the venture’s intent.
BitMEX, a crypto exchange, and Madison Holdings, a French wine retailer, have announced their intent to acquire a majority stake of BitOcean, a Japanese crypto exchange. Reportedly, Madison Holdings Group will acquire a 62.7% stake of BitOcean for $15.12 million (1.68 billion Yen) in addition to an extra fees of $15 million.
Atom Solutions, a Japan-based fintech company, has launched Equivalent Value Overseas Remittance System to address the price volatility associated with overseas cryptocurrency remittances. The firm has claimed that the system will speed-up the crypto transactions and charge less fees for its service. The company has also developed Eternal Coin, a new digital asset that streamlines crypto remittances.