Posts Tagged ‘Japan’

Japan shouldn’t try and replicate Silicon Valley to spur innovation, venture capitalist says

If Japan wants to spur innovation from startups, it shouldn’t try to replicate Silicon Valley. That’s the message from James Riney — head of venture capital fund 500 Startups Japan — to companies nationwide amid the increased attention given to startups. A former banker at JPMorgan Chase & Co. in Tokyo, Riney said one way Japan […]

FinTech Firm Quoine Launches ICO Platform

Japanese FinTech firm Quoine has created a new ICO platform called ICO Mission Control that provides a safe haven for both token participants and token issuers. The new platform, which is integrated with Quoine’s crypto-to-crypto exchange Qryptos, is an end-to-end solution aimed at helping blockchain projects conduct ICOs in a flexible, secure, transparent and scalable manner. The […]

Use of facial recognition systems on the rise among financial firms in Japan

Financial institutions across Japan are continuing to bring in facial recognition systems, which can confirm a person’s identity simply by reading facial characteristics with a smartphone camera and other devices. It is likely that the system will spread among companies involved in the emerging fintech sector. According to Nishi-Nippon Financial Holdings Inc. spokesperson, major investments […]

Japan Could Have More Than 3 Million Crypto Traders

Japan’s Financial Services Agency has released domestic cryptocurrency trading statistics for the first time. According to data gathered from 17 cryptocurrency exchanges in Japan, as of March 31 this year, the country has at least 3.5 million individuals that are trading with cryptocurrencies as actual assets. Read more

Japanese Research Group Calls for ‘Appropriate’ ICO Rules

A research group in Japan has put forward a series of proposals related to ICOs, including those focused on investor protection and money laundering prevention. According to Bloomberg Technology, the proposals will be considered by the country’s financial regulator, the Financial Services Agency (FSA), later in April, with the possibility of eventually becoming law. Read […]

Japan-based blockchain startup begins token sale after raising $15m in private funding

Following a successful funding round, Japanese influencer platform Patron has begun its public token generation event, which will run for a month until April 26th 2018. Patron intends to connect brands with influencers via their platform in a safe and organised way, to help Japanese influencers gain exposure and secure brand deals and grow their businesses. Read more

Japanese IT Giant Fujitsu Launches Blockchain Center in Europe

Fujitsu, a Japanese company with more than 156,000 employees worldwide, has announced the opening of its first Blockchain Innovation Center, located in Brussels, Belgium, with the aim of supporting research, development and innovation in this new industry. According to Fujitsu, one of the main areas that the company intends to invest in its development are the services […]

Japan’s Third Largest Utility Tests Bitcoin On Lightning

Japan’s third-largest electricity provider Chubu Electric Power Co. is emerging as one of the first major companies in the world to trial a promising bitcoin payments technology. The company has entered into a proof-of-concept with local bitcoin and Internet of Things (IoT) startup Nayuta, exploring how bitcoin payments can be made via the Lightning Network, an in-development protocol that […]

Japan suspends trade on 2 cryptocurrency exchanges

Japan’s Financial Services Agency has ordered two cryptocurrency exchanges — Bitstation and FSHO — to stop doing business for a month. Five others, including Coincheck, were instructed to improve internal controls and report back to the regulator. The action follows an investigation into digital currency exchanges that found poor compliance with anti-money laundering standards, badly […]

Japan’s Finance Watchdog Eyeing ICO Regulation, Says Report

Japan’s Financial Service Agency is considering the revision of relevant laws and regulations in an effort to regulate ICOs in Japan, amid the growing popularity of token sale activities within the territory. The report indicates that Japan currently has no clear regulations covering ICOs specifically, while the existing bitcoin payment law that went into effect […]