As the demand for e-books is increasing because of Coronavirus pandemic, a Japanese ebook leader Media Do Holdings is looking for effective ways to improve services via blockchain and distributed ledger technology (DLT).
On March 11, the Tokyo Metropolitan Police arrested two people in connection with the $580m hack on cryptocurrency exchange Coincheck. The police revealed that the two men were found in possession of NEM cryptocurrency linked to the cryptocurrency stolen from the exchange in 2018.
Almost half of the country's retailers forecast that Sweden will completely stop handling physical cash before 2025. The Riksbank is currently piloting a digital currency known as e-krona. Could it be that the reduced fiat currency handling in the nation results in a rampant cryptocurrency market?
After hearing that China is trying to develop its own state-backed cryptocurrency, Japan has joined arms with other countries to come up with their own government-owned digital asset so it can dominate China’s digital yuan and all other state-owned tokens that will be launched afterwards.
The Japanese Financial Services Agency (FSA) has tightened its policy on trading margin assets which can trade large amounts of money with a small amount of capital, up to twice the ratio over Bitcoin and other cryptocurrency transactions.
For over two years now, there has been an ongoing fight between the courts of different countries over the case involving founder of BTC-e Alexander Vinnik from Russia, suspected to have illegally stolen huge sums of Bitcoin (in billions) by Mark Karpeles, the French founder of the collapsed Japanese cryptocurrency exchange Mt. Gox. Now, the case looks to be reaching its end.
Bitcoin and cryptocurrency stipends have gained regulatory recognition in many parts of the globe including Switzerland, Estonia, Italy, Russia, United States, Japan, and New Zealand. However, when it comes to other major sectors or businesses, cryptocurrencies are not yet being used for remuneration. Individuals and firms in the aforementioned jurisdictions are seriously exploiting the benefits of legal digital currency payments.
The Asia region is known for its contradictory relationship towards blockchain technology plus cryptocurrency and its decentralized nature. Some countries such as China, Japan, Singapore, Hong Kong, South Korea, etc., embrace it for its innovativeness and disruptive potential, while others try to strictly regulate or even ban it.