📢 Important announcement from Binance! Services for Japan residents to end by Nov 30, 2023. Learn more about identity verification and the upcoming launch of Binance Japan’s local platform. #Binance #CryptoNews #Japan
The Coinbase crypto exchange has revealed that it would be legally terminating its business in Japan. The company described the choice as a difficult one.
Japan is moving on with plans to liberalize the crypto, despite the fall of SBF’s FTX, by making it simpler for cryptocurrency exchanges to list tokens.
Sakura Exchange BitCoin (SEBC), was acquired by cryptocurrency exchange operator Binance on Wednesday in order to expand into the Asian nation.
Recent decisions by Japan would provide its residents with broader access to the cryptocurrency sector and a new generation of digital assets: reports.
Japan is drafting legislation to combat cryptocurrency money laundering. This will also apply to stablecoins. When transferring exchanges will be required to give customer information. The Japanese government would allegedly implement remittance laws in an effort to prevent criminals from using cryptocurrency exchanges to launder money. The new restrictions are set to go into force next spring, maybe as early as May 2023. The new measures, once implemented, will require customer identification when sending cryptocurrencies through various crypto exchanges. This will also apply to stablecoins as the Japanese government prepares to establish a more comprehensive crypto monitoring system in the
Nomura is establishing a new venture capital division. The unit will invest in businesses within the digital ecosystem. Steven Ashley and Jez Mohideen will lead the new division. One of Japan’s largest investment banks, Nomura, is establishing a new venture capital division to make investments in the cryptocurrency market. According to a statement released by Nomura on Wednesday, the unit will invest in businesses within the digital ecosystem with a focus on web3, blockchain infrastructure, decentralized finance (DeFi), and centralized finance (CeFi). The first offering from Nomura’s new digital assets division, Laser Digital, which was given the name today, will
Japanese mixed martial arts and fighting organization RIZIN has announced the launching of its NFT marketplace. The official website “RIZIN Fighting Collection” is already up. According to an announcement, the NFT collection will be formally released by the end of the year. The marketplace will be using the IOST blockchain as well. While NFTs have existed back in the early days of crypto, they have become the driving force behind the space this year. In fact, various artists and notable personalities started their crypto journey through NFTs. Moreover, NFTs contribute a sizable number of transactions and trades within the entire
