Archive | bank of japan

World’s Fifth Largest Bank Joins Crypto Space with Digital Yen

Japan’s Mitsibushi UFC Financial group (MUFG), the world’s fifth-largest bank by assets, has announced it will trial its own digital currency as early as 2019, reports Cointelegraph. The move, which dates back as far as 2016, sees the Japanese giant running out the coin, valued at one yen, to 100,000 account holders, according to Japanese broadcaster NHK.  The […]

Bank of Japan Has No Plans for Central Bank Crypto

The Bank of Japan (BoJ) has stated that it had no plans to issue to issue a central-bank digital currency (CBDC). At a recent conference between the International Monetary Fund (IMF) and Japan’s Financial Services Agency on Monday the BoJ’s deputy governor Masayoshi Amamiya suggested that a CBDC could undermine the bank’s two-tier system and […]

Bank of Japan’s Warning Has Little Effect Bitcoin Bounceback

Japan takes another side step with its relationship to cryptocurrency trading as the Central Bank releases a negative Q&A guide for those seeking information about the markets. BoJ Publishes Negative Q&A for the General Public The question and answer page translated from Japanese as “Let’s Think About Cryptocurrency” was released on a financial education site… […]

Bitcoin Could Tap into $40 Trillion Japanese FX Margin Trading Market This Year

Companies in Japan are reportedly scrambling to register with the Japanese Financial Services Agency (FSA) to offer bitcoin products or services. They aim to attract Japanese retail investors, also known as “Mrs Watanabe”, who currently favor the $40 trillion foreign exchange margin trading market. Also read: Petition Asks SEC to Clarify Rules on Bitcoin and Digital […]

ECB And Bank of Japan Collaborate On DLT Research To Revamp Market Infrastructure

Blockchain technology is becoming the new norm among financial institutions all over the world. The European Central Bank is joining forces with the Bank of Japan to explore a new DLT initiative for market infrastructure– quite an intriguing development, although it was only a matter of time until the ECB started paying attention to the […]