Category: Japan

Japanese Firms Claim Success in Marine Insurance Blockchain Trial

One of Japan's largest insurance companies, Tokio Marine & Nichido Fire Insurance, and IT firm NTT DATA have completed a trial that put the paperwork for marine cargo insurance claims on a blockchain.

MUFG Bank, Japan’s Largest Bank, Exploring Ripple’s Technology for New Cross-Border Payment Service

On Friday (9 November 2018), MFUG Bank, the principal banking unit of Mitsubishi UFJ Financial Group (MUFG), the world's fifth largest bank (by total assets), announced the signing of a Memorandum of Understanding (MOU) with Banco Bradesco, one of the largest banks in Brazil, to collaborate on the development of a new cross-border payment service, using Ripple's technology, between Japan and Brazil.

Japanese bank looking to launch yen-pegged stablecoin

Japan’s First Bank of Toyama has entered the fray in launching a state-owned cryptocurrency. Though the full details are yet to be released, it’s been confirmed that the stablecoin will be backed by a one-to-one ratio with the Japanese yen.

Japan’s Shinsei Bank, Nippon Wealth Form Business Alliance with Blockchain Startup ConsenSys

Japan’s Shinsei Bank has signed a Memorandum of Understanding (MoU) with blockchain startup ConsenSys to widen its exploration of the technology’s applications for finance, Cointelegraph Japan reports Nov. 8.

Japan: Cybersecurity Experts Claim to Have Made Progress in Tracking Zaif Exchange Hackers

Cybersecurity experts say they have found potentially incriminating evidence against the hackers of Japanese crypto exchange Zaif, according to an official statement today, Nov. 5. The experts are from Japan Digital Design Co. (JDD), a subsidiary of bank holding giant Mitsubishi UFJ Financial Group (MUFG).

The Mysterious East: Decrypting Japanese Crypto Traders

What do we really know about the growing industry of cryptocurrencies in the Land of the Rising Sun? What and where can be bought in Japan with crypto? What is the attitude of the authorities towards digital assets after adoption of the regulatory legislation?

Tokyo Airport Limousines Will Start Accepting Bitcoin as Payment

Remixpoint Inc is reportedly planning to integrate a Bitcoin payment option to one of Japan’s leading taxicab services.

Japanese Financial Giant SBI to Use Ripple (XRP) Extensively With R3

At the SBI Financial Results Briefing, SBI Group CEO Yoshitaka Kitao announced that the firm has already begun the discussions to create a project for R3 that uses Ripple (XRP) more extensively. “We have already begun discussions to create a project to use XRP for R3. By using R3, XRP is used more extensively,” Kitao ...

IT Firm Fujitsu Builds Blockchain Settlement Trial Infrastructure for Nine Japanese Banks

Japanese multinational IT equipment and services company Fujitsu will build an interbank settlement platform using blockchain technology as part of a joint project with nine domestic banks.

Cryptocurrency Exchange Coincheck Reports Over $5 Million Loss in Q3

Coincheck, the Japanese cryptocurrency exchange that suffered a $520 million hack in January, has reported increased losses for the third quarter of 2018.

Sony Unveils ‘Multiple Application’ Contactless Cryptocurrency Hardware Wallet

The research arm of Japanese technology giant Sony announced it had created a contactless cryptocurrency hardware wallet in a press release Tuesday, Oct. 23.

Japan Considers Significant Caps on Cryptocurrency Margin Trading

Japan’s primarily financial regulator is mulling a leverage cap on the amount of funds investors can borrow for margin trading with cryptocurrencies.