Articles of Japan

Japanese legislators say: The yen will be issued by the CBDC, fast!

Recently, due to the spread of the new crown virus in many countries and the financial market turbulence, the popular CBDC discussion at the beginning of the year seems to have weakened a lot. Except for the recent report of the Bank of England (which is a long-written report, but it was chosen to be […]

Japanese financial regulator launches global blockchain governance initiative network

Japanese financial regulator announced on Tuesday the launch of its Global Blockchain Governance Initiative Network (BGIN). According to Cointelegraph, BGIN aims to promote "sustainable development of the blockchain community." The Japanese Financial Services Agency (JFSA) announced this new initiative during a "BG2C" forum in collaboration with Nikkei. BGIN will promote sustainable development in the DLT […]

Deputy Governor of the Bank of Japan: The issuance of the central bank's digital currency requires attention to "three constants" and "three changes"

Translation: Liu Bin Collaborators: Zhaoyun De Source: Didi Technology Information Editor's Note: The original title was "Central Bank Digital Currency and Future Payment and Settlement System" This article is a speech by Masayoshi Amamiya, deputy governor of the Bank of Japan, at the Tokyo Future Payments Forum 2020. When considering the issuance of digital currency […]

Bank of Japan: Whether to issue central bank digital currency is an important issue

Deputy Governor of the Bank of Japan Masahiro Amamiya spoke recently (February 27) at the "Future of Payments" forum in Tokyo, speaking of his attitude towards the issuance of the central bank's digital currency (CBDC). I. "Three Changes" and "Three Unchanged" of the Payment Settlement System and the Monetary System of the Central Bank In […]

Depth | Legal and regulatory allowance, why hasn't Japan succeeded in an ICO?

Source: 01 Blockchain Japan is one of the few countries in the world that provides legal protection for digital assets. On May 25, 2016, the Cabinet of Japan signed an amendment to the "Funding Settlement Algorithm" to include digital currency in the legal regulatory system and recognize Bitcoin as a legitimate payment method. The bill […]

Japan's Finance Minister: China's central bank's digital currency may pose great risks

According to Bloomberg, Taro Aso, Japan's finance minister, believes that China's central bank's digital currency may pose great risks. The report said that he warned countries not to use China's digital renminbi, and he believed that any country needs to do a lot of work before issuing central bank digital currencies. Taro Aso said at […]

Japanese officials: it is difficult to deal with China's central bank digital currency without US help

Japan's senior lawmaker and deputy foreign affairs minister Norihiro Nakayama said that Japan needs to strengthen cooperation with the United States to resist the potential impact of the central bank's digital currency that China plans to use. According to Bloomberg, Nakayama plans to release a digital currency proposal on Friday, and he hopes that the […]

Japanese digital currency may hand over answer sheets in February, China and Libra or main driver

More and more countries in the world have started to set up their own national digital currencies, and now Japan has joined them. Japan's deputy foreign minister, Norihiro Nakayama, said earlier today that lawmakers are considering issuing a digital version of the yen. The project will be jointly run by the government and several Japanese […]

Japan's Financial Services Agency: Proposes to reduce leverage on crypto margin trading to less than double, or implement this spring

According to Cointelegraph, Japan's financial regulator, the Japan Financial Services Agency (FSA), has proposed reducing the leverage limit on cryptocurrency margin trading from 4x to 2x. (Source: Pixabay ) On January 14, the Japanese Financial Services Agency announced the proposal in a Cabinet Office Decree (a legal document issued by the Japanese Cabinet Office). If […]

Viewpoint 丨 Can blockchain restore Japan's lost two decades?

Source: BlockMania As the first country to announce Bitcoin as a legal payment method, Japan has changed its conservative image in the field of blockchain innovation and digital currency, and actively promoted the introduction of relevant policies and industry support. What is the reason behind this? How did Japan become a fertile ground for blockchain […]