The Bank of Japan raised its key interest rate to 1%, the highest since 1995, amid inflation pressures. Bitcoin remained stable, while crypto markets reacted positively to the pause in quantitative easing. #Update #Crypto $BTC
Metaplanet acquires Siiibo Securities for $13M to launch Bitcoin yield products in Japan, leveraging 40,177 BTC holdings. Completion expected by August 2026. #Update #Crypto $BTC
Japan’s House of Representatives passed a bill to regulate cryptocurrencies as financial instruments, allowing for ETFs and imposing stricter rules, including an insider trading ban. #Update #Crypto $BTC $ETH
Japan’s MUFG, Mizuho, and SMBC sign MOU to launch a yen stablecoin by March 2027, challenging USD stablecoins’ dominance in the $300B market. #Update #Crypto
Japan’s three largest banks, @MitsubishiUFJ, @SMBCGroup, and @MizuhoFG, plan to issue a stablecoin by March 2024, supported by the Financial Services Agency. #Update #Crypto $USDT
SBI Shinsei Bank launches a 3-month crypto rewards pilot, offering depositors vouchers redeemable for $BTC, $ETH, or $XRP. Permanent rollout planned for fall 2026. #Update #Finance
France warns crypto firms of prosecution under MiCA; Coinbase and Kalshi introduce regulated perpetual futures in the U.S.; Japan pushes for yen stablecoins. #Update #Legal
Japan’s LDP Proposes Legal Framework for Cryptocurrency ETFs and Stablecoins The Liberal Democratic Party (LDP) of Japan has proposed a legal framework for cryptocurrency exchange-traded funds (ETFs). The initiative includes promoting yen-based stablecoins as a medium for transactions in Asia. Finance Minister Satsuki Katayama received the proposal, which aims to simplify investment access to digital… Read More »Crypto ETFs and Stablecoins Urged for Approval
Japan’s ruling Liberal Democratic Party proposes a legal framework for cryptocurrency ETFs and yen-based stablecoins to enhance investment options, following recent regulatory updates. #Update #Crypto $BTC $ETH
@Polymarket is lobbying for prediction market authorization in Japan by 2030, appointing Mike Eidlin to lead efforts amid strict gambling laws. #Update #Crypto $JUP
SBI Securities and Rakuten Securities plan to offer crypto investment trusts, targeting retail accounts with bitcoin and ethereum exposure as Japan’s FSA eyes 2028 regulatory changes. #Update #Crypto $BTC
KDDI invests $65M for a 14.9% stake in Coincheck Group, shares rise 35% on May 12. Partnership to launch non-custodial wallet for 30M users in summer 2026. #Update #Crypto
Rakuten Wallet integrates $XRP, enabling 44M users to convert loyalty points for payments across 5M+ merchants in Japan, expanding XRP’s utility in daily commerce. #Update #Crypto $XRP
@SBIHoldings plans to acquire a stake in Bitbank, aiming to strengthen its crypto position ahead of regulatory changes in Japan. The move follows SBI’s previous acquisitions and partnerships. #Update #Crypto $XRP
