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The telecommunication firm Internet Initiative Japan will use the yen-pegged digital currency for clean energy settlements. Japan will launch its first bank-supported digital currency in 2024 as the digitization of economies races ahead. Japanese internet bank GMO Aozora Net Bank is said to issue the yen-pegged digital currency — backed by bank deposits — under the ticker DCJPY by July 2024, Reuters has learned. The turnover of DCJPY will be made using a blockchain network developed by DeCurret, a Japan-licensed cryptocurrency exchange acquired by Amber Group in early 2021. You might also like: SBI Holdings and TradeFinex partner to drive blockchain adoption in Japan Initially, it is planned that telecommunication firm Internet Initiative Japan will use the digital currency for settlement of clean energy certificates. However, DeCurret reportedly also discussed with other Japanese giants, such as Mitsubishi UFJ Financial Group Inc, to tap the technology. Japan’s d...

Nomura, Japan’s largest investment bank, announced that its subsidiary Laser Digital Asset Management has introduced a Bitcoin Adoption Fund aimed at providing institutional investors with direct exposure to Bitcoin. Targeting institutional investors, this move is part of a larger plan by Nomura, which is positioning the fund as “the first in a range of digital adoption investment solutions that the firm plans to introduce.” The Bitcoin Adoption Fund offers “long-only exposure to Bitcoin (BTC)” and is a segment of Laser Digital Funds Segregated Portfolio Company. Remarkably, it has been registered as a mutual fund under the Cayman Islands Regulatory Authority. To ensure regulated custody, Nomura has selected Komainu as its partner. Sebastien Guglietta, head of Laser Digital Asset Management, voiced the bank’s long-term perspective, stating, “Bitcoin is one of the enablers of this long-lasting transformational change, and long-term exposure to Bitcoin ...

Binance Japan Opening Its Doors in June Crypto exchange Sakura Exchange Bitcoin in an announcement on April 28 said it will end its Crypto exchange and brokerage services in May and reopen as Binance Japan near June 23. Binance Japan is now a registered Crypto exchange under the Japan Financial Services Agency (JFSA). advertisement As per the announcement, Sakura Exchange Bitcoin will end its services on May 31, suspending all services until the opening of Binance Japan. Users must withdraw their crypto assets ahead of deadline. Crypto Assets remaining in the account after the deadline will be converted to Japanese yen based on the conversion rate as of June 5 and refunded to customers’ registered bank account. Further, customers are required to re-apply for account opening and reviews including identity verification at the time of use. The account opening information for Sakura Exchange Bitcoin is not carried over to the new Binance Japan. ...