Tagged: japan

November 2, 2019 @ 1:54 pm By Omar Faridi  |  

Japan-based Paidy Inc., a Fintech firm that allows consumers to make online purchases quickly and securely without using a credit card or pre-registration, announced on October 31 that it received $143 million in additional funding. As noted in a release, Paidy’s funding consisted of a… Read More

October 29, 2019 @ 10:54 pm By Omar Faridi  |  

Tokyo-based Softbank, a multinational conglomerate holding company that provides fixed-line, mobile telephony, internet, telecommunications, and digital television products, is planning to invest $655 million into Greensill, a UK-headquartered supply chain finance company. Softbank has been a prominent investor in the Fintech sector having taken positions… Read More

October 29, 2019 @ 7:08 am By Omar Faridi  |  

Singapore-based crypto exchange Huobi’s Japan division has reportedly received nearly 500 million yen (appr. $4.6 million) in funding from a major Tokyo-listed firm focused on several areas including leasing, real estate, insurance brokerage and mergers and acquisitions (M&A). As noted in Huobi’s press release, the… Read More

October 24, 2019 @ 1:58 am By Cali Haan  |  

Tokyo-based firm Lead Real Estate has announced plans to, “develop condominiums and hotels in Tokyo’s popular areas such as Ginza, Shinjuku, Shibuya, Ebisu, Shinagawa, and Meguro by using funds raised through issuing security tokens (STOs).” The firm believes a combination of factors, including local RE investing… Read More

October 23, 2019 @ 12:36 pm By JD Alois  |  

Global investment crowdfunding platform and Israel’s leading venture investor OurCrowd has partnered with the Toyota Tsusho Corporation (Toyota Tsusho), a member of the Toyota Group, which comprises of 17 companies including Toyota Motor. The new partnership will launch a new business that will act as… Read More

October 21, 2019 @ 11:29 pm By JD Alois  |  

Bitcoin.com has acquired O3 Labs, according to a release. O2 is a Tokyo-based software company that “specializes in developing gateways to the digital economy.” O3 will be absorbed into Bitcoin.com, forming a single team dedicated to creating tools for the Bitcoin Cash network. Stefan Rust,… Read More

October 3, 2019 @ 1:14 am By Cali Haan  |  

Representatives from Monex, SBI Securities, kabu.com Securities, Daiwa Securities, Nomura Securities and Rakuten Securities have formed the “Japan Security Token Offering Association” to self-regulate and advocate for security token offerings (STOs) in Japan. According to an announcement from Monex, “the Japan STO Association primarily works… Read More

September 30, 2019 @ 4:22 pm By Samantha Hurst  |  

InComm, a payments technology company, announced on Monday it has partnered with Mizuho Bank to expand its payment service J-Coin Pay to its retail network in Japan. InComm reported that through the partnership, a network of more than 18,000 retail locations, which including pharmacies, supermarkets,… Read More

September 4, 2019 @ 10:51 am By Cali Haan  |  

Japanese cryptocurrency trading platform Coincheck has suspended new orders for margin trading and will reduce margins on pending trades from 5X to 4X on October 31st, 2019. The company also warns (according to an automated translation): “The amount of margin required will change constantly, so… Read More

September 4, 2019 @ 12:01 am By JD Alois  |  

The Cambridge Centre for Alternative Finance (CCAF) has published its first “Global RegTech Benchmarking Report,” sponsored by EY Japan. According to the research, the Regtech industry has topped $5 billion in revenue in 2018 following a five-year surge in startup activity. CCAF reports that, while… Read More

September 3, 2019 @ 10:12 am By JD Alois  |  

FIN/SUM is a fintech summit and conference that connects the global finance and tech industries while promoting disruptive innovation across the globe. It grew to be the largest and most influential fintech summit in Japan and one of the largest in Asia and globally. The… Read More

August 31, 2019 @ 2:30 pm By Cali Haan  |  

The agency regulating Japan’s financial markets, the Financial Services Agency (FSA), with the cooperation of the Japan Virtual Currency Exchange Association (JVCEA), has called on the country’s crypto sector to make sure it is familiar with revised laws The agency has also announced it will be… Read More

August 15, 2019 @ 11:11 am By Samantha Hurst  |  

Wirex, a hybrid personal finance platform that merges blockchain tech and traditional finance, announced on Thursday it has become a type II member of the Japan Virtual Currency Exchange Association (JVCEA). Wirex claims that becoming a type II member is a vital and hard-earned step… Read More

August 10, 2019 @ 3:26 pm By Cali Haan  |  

About 15 countries are collaborating on a system to collect and share identifying data about individuals trading cryptocurrencies, Nikkei Asian Review reports. The news follows other reports this week that Japan’s Ministry of Finance and Financial Services Agency (FSA) have offered to build a regulated global network… Read More

August 8, 2019 @ 10:31 am By JD Alois  |  

Regulated crypto exchange SBI VC (spun out from SoftBank), based in Japan, is now FATF compliant. Earlier this year FATF announced a set of requirements regarding “virtual asset service providers” or VASPs (mainly crypto exchanges). These new rules require the tracking and storing of all… Read More

August 7, 2019 @ 4:03 am By Cali Haan  |  

Japan financial authorities are building a regulated global network for cryptocurrency transfers and trades similar to SWIFT, an anonymous source from the Japanese governments has told Reuters. The system will be developed in cooperation with other countries sand should launch within a few years. Reuters… Read More

July 30, 2019 @ 2:01 pm By Samantha Hurst  |  

Ripple, a provider of enterprise blockchain solutions for payments, announced on Tuesday it has expanded its University Blockchain Research Initiative (UBRI) to Japan. According to Ripple, the expansion brings on new partners including Kyoto University and the University of Tokyo. While sharing more details about… Read More

July 12, 2019 @ 4:55 pm By Cali Haan  |  

More than a hundred proposed “crypto asset” exchange projects are seeking permission to operate in Japan, according to information furnished to Bitcoin.com by an official from Japan’s financial market regulator, the Financial Services Authority (FSA). “The number of crypto asset exchange service providers which have… Read More

July 12, 2019 @ 10:06 am By Samantha Hurst  |  

Bitpoint, a licensed cryptocurrency exchange based in Japan, has reportedly shut down operations following a hack that caused the platform to lose ¥3.5 billion yen ($32 million) in cryptocurrency.  According to Bloomberg, The exchange revealed about 2.5 billion yen of stolen funds belonged to customers,… Read More

July 4, 2019 @ 1:13 am By Cali Haan  |  

Officials at the Bank of Japan, Japan’s central bank, are reportedly concerned that Facebook’s new “difficult to regulate” cryptocurrency could have a calamitous effect on global financial systems, all while exploiting those very systems without paying the costs, Nikkei Asian Review (NAR) reports. Legislators in… Read More