News
Japan’s Financial Services Agency is weighing reforms that could let banks hold cryptocurrencies like Bitcoin and operate licensed crypto exchanges.
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Japan News
Located in East Asia, Japan is a top 20 country in the world in terms of population. Japan has the third-largest economy by nominal gross domestic product and the fourth-largest economy by purchasing power parity. Tokyo is the country’s capital. Bitcoin in Japan has a notable following, as does cryptocurrency and blockchain as a whole.
The country’s regulators have deemed Bitcoin an approved money type. Japan hosts a number of crypto exchanges, and the country has regulatory requirements around the industry, creating a scene more favorable for compliant crypto-asset entities. Bitcoin’s anonymous creator, Satoshi Nakamoto, is thought to be from Japan, although little is confirmed about Nakamoto’s identity.
- News
Japan’s top banks plan to launch a joint yen-based stablecoin using MUFG’s Progmat platform to modernize payments and corporate settlements.
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Japan is set to amend its rules, which would empower its securities regulator to investigate and punish those involved in crypto-related insider trading.
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Japan Bitcoin treasury company Metaplanet paused Bitcoin purchases for two weeks, only to see its enterprise value slip below the value of its BTC holdings.
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An $11 billion Bitcoin whale returned to crypto markets this week, likely seeking trading opportunities tied to October’s historic crypto rallies and uncertainty in the US.
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Takaichi’s election may have a “material impact” on the governance and regulatory perception of crypto assets in Japan, experts told Coinpectra.
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SoftBank’s mobile payment service PayPay acquired a 40% stake in the Japanese subsidiary of Binance after applying for US listing in August.
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Japan’s new prime minister may drive a renewed wave of risk appetite among Japanese crypto investors, industry watchers told Coinpectra.
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Nomura subsidiary Laser Digital confirmed to Coinpectra that it is in talks with Japan’s FSA to apply for a crypto trading license, eyeing the country’s institutional investors.
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Metaplanet’s Bitcoin Yield surged to 309.8% in late 2024, showing its per-share BTC exposure more than tripled before stabilizing at 33% this year.
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G7 nations are introducing stablecoin rules, from Japan’s pioneering framework to the US GENIUS Act and Europe’s MiCA, reshaping the future of digital money.
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Chainalysis APAC policy lead Chengyi Ong says favorable policy and taxes helped boost crypto in Japan, while stablecoins were popular across the Asia Pacific.
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Metaplanet became the world’s fifth-largest corporate Bitcoin holder after buying 5,419 BTC, bringing its total to 25,555 BTC worth nearly $3 billion.
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Japan’s Metaplanet launched subsidiaries in Miami and Tokyo to grow Bitcoin income and expand domestic crypto media operations.
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SBI Shinsei Bank, DeCurret and Partior will develop a blockchain-based settlement system for tokenized deposits in Japanese yen and other major currencies.
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