Japan’s Biggest Bank Will Use Ripple for Cross-Border Payments to Brazil

Japan’s biggest bank MUFG and Brazil’s Banco Bradesco are to collaborate on a new cross-border payment service based on Ripple technology. Memorandum of Understanding The two banks signed a Memorandum of Understanding (MOU), agreeing to co-develop the system. Mitsubishi UFJ Financial Group is Japan’s largest banking group and recently announced it would launch its own […]

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BREAKING: Japan Allows Cryptocurrency Industry To Regulate Itself

Japan has given formal approval for its cryptocurrency industry to regulate itself, the Japan Virtual Currency Exchange Association (JVCEA) confirmed October 24. JVCEA Can Police Exchanges In a significant development for the country, regulators opted to allow the JVCEA to ensure cryptocurrency exchanges followed legal requirements, a statement reads. Under the deal, the body will also have […]

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Do Wages Need to be Paid in Bitcoin for Retail Adoption to Happen?

Is this a case of chicken and egg? If more retailers accepted Bitcoin, would more employees expect their wages paid in Bitcoin? Or, does Bitcoin need to be viewed more widely as a replacement for fiat first? A recent tweet by Francis Pouliot, CEO of Canadian Bitcoin (BTC) 00 payments startup Bylls began a discussion […]

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BitFlyer Halts New Account Signups As Regulators Demand Improvements

Wilma Woo · June 22, 2018 · 6:00 am Japanese cryptocurrency exchange BitFlyer suspended new account registrations on June 21, after regulators demanded it improves its security arrangements. BitFlyer Hit With AML/KYC Cleanup A tweet and statement confirmed the move, which officials implemented as part of a Business Improvement Order from Japan’s Financial Services Authority […]

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Japan: GMO Group Unveils ‘World First’ 7nm Miner As CEO Vows To ‘Top’ Bitmain

Wilma Woo · June 5, 2018 · 12:00 pm Japanese internet giant GMO has announced pre-orders for its B2 Bitcoin miner — the world’s first miner equipped with 7nm processing technology. ‘I Respect Bitmain, But We Will Top Them’ Unveiling the finished product at a conference, GMO’s CEO, Masatoshi Kumagai, promised to “top” competitors with the […]

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Ripple Likes Regulation, Requests More from the UK

Adam James · April 16, 2018 · 9:00 am Ripple, the most centralized cryptocurrency among the market leaders, has asked regulators in the UK to follow Japan’s example by ramping up the rules and acting to corral the untamed cryptocurrency market. Ripple Likes Rules As reported by The Telegraph, Ripple’s head of regulatory relations, Ryan Zagone, has […]

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Bitcoin Price Falls As Markets React To (False) Japan Binance Threat [UPDATED]

Wilma Woo · March 22, 2018 · 7:30 am Bitcoin fell $500 in hours to hit two-day lows March 22 after news broke Japanese regulators may ban the world’s largest cryptocurrency exchange, Binance. Co-Founder Ye Not Concerned UPDATE: Binance CEO Changpeng Zhao has responded to the news on Twitter stating that the source showed “irresponsible […]

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