Nikkei, Japan’s daily business newspaper, reports that it was learned on Feb. 7 that the country’s Financial Services Agency (FSA) has engaged Apple and Google,
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Japanese crypto exchange raises $320M to recover funds after major hack
DMM Bitcoin aims to compensate users for a $320 million loss following a major hack by raising equivalent funds.
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Binance to reenter Japan via acquired regulated exchange SEBC
Although no official date is mentioned for the launch of Binance Japan, the notice stated that the exchange could start after June.
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Japan’s FSA expects to allow certain stablecoins by June 2023
There is yet no opportunity to know whether US dollar-backed stablecoins like USDT or USDC will be allowed in Japan by June 2023, the FSA
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Why USDT Is Plunging While Other Stablecoins Are Not
Stablecoin adoption has grown immensely, observed especially following the collapse of Terra. USDC and USDT have seen sizeable growth, but USDT has a lot of
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Japan recommends against algorithmic backing in stablecoins
The potential legal status of the Japanese Financial Service Agency’s recommendation is not clear as the current legislation is silent on algorithmic stablecoins.
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