Japan


Markets

Japan Considers Allowing Banks to Trade Digital Assets Such as Bitcoin: Report

The reform would enable banks to trade cryptocurrencies similarly to stocks and bonds, with regulations to ensure stability.

japan, flag. (DavidRockDesign/Pixabay/Modified by CoinDesk)

Finance

Japan's Top Banks Plan Joint Stablecoin Launch: Nikkei

Mitsubishi UFJ, Sumitomo Mitsui and Mizuho Financial Groups aim to create a shared framework for stablecoin issuance and transfer, according to a story in Nikkei.

Aerial view of Tokyo (Jaison Lin/Unsplash, modified by CoinDesk)

Finance

SoftBank’s PayPay Buys 40% Stake in Binance Japan to Fuse Crypto With Cashless Payments

The partnership will allow PayPay's 70 million users to buy, sell, and store digital assets, starting with the integration of PayPay Money into Binance Japan.

A pair of hands resting on a keyboard with an iPad showing graphs and price quotes. (Kanchanara/Unsplash/Modified by CoinDesk)

Markets

Bitcoin Under Pressure as Japanese Bond Yield Hits 17-Year High, Yen Depreciates

The hardening of Japanese government bond yields could spillover into other sovereign bond markets, capping upside in risk assets, including BTC.

Japan 10-year Yield (TradingView)

Markets

Asia Morning Briefing: Regional Crypto Power Balance Is Shifting as Japan 'Ready to Pop’

On the sidelines of Token2049 in Singapore, crypto execs kept returning to the same theme: Tokyo is becoming the region’s new crypto capital.

Tokyo, Japan (Jaison Lin/Unsplash)

Markets

Bitcoin Hits Record High Against Yen as Japan's New PM Sanae Plans to Revive 'Abenomics'

The yen weakened as Sanae said that her government would lead fiscal and monetary policy setting.

japan, flag. (DavidRockDesign/Pixabay/Modified by CoinDesk)

Finance

Nomura-Owned Laser Digital Plans Crypto License Application in Japan: Bloomberg

The subsidiary of Tokyo-based Nomura is in talks with Japan's Financial Services Agency.

Nomura. (charnsitr/Shutterstock)

Markets

Bank of Japan's Historic ETF Unwind Sparks Market Sell-Off, Dip in Crypto

Threatening the $118,000 level hours earlier, bitcoin slipped back to the $116,000 area.

Close up of the red circle at the center of the Japanese flag. (DavidRockDesign/Pixabay)

Finance

Metaplanet Sets Up U.S., Japan Subsidiaries, Buys Bitcoin.jp Domain Name

The company also plans to raise 204.1 billion yen ($1.4 billion) in an international share sale to increase its bitcoin holdings.

Miami

Markets

Bitcoin Traders Should Pay Attention to Japan as Top Economist Warns of Debt Implosion

Debt implosion risks could drive demand for alternative financial escape valves like cryptocurrencies and stablecoins.

Close up of the red circle at the center of the Japanese flag. (DavidRockDesign/Pixabay)