SBI Holdings is in discussions to make Bitbank a subsidiary, adding to its push to acquire crypto exchanges amid improving regulatory clarity in Japan. Tokyo-based SBI Holdings has opened talks to acquire shares in cryptocurrency exchange Bitbank and make it a consolidated subsidiary, extending its push to consolidate regulated crypto trading platforms in Japan as the country moves toward securities-style rules for digital assets. The financial conglomerate said Friday it is considering a share acquisition as part of a potential capital and business alliance with Bitbank. The deal remains subject to due diligence, negotiations and internal approvals, SBI said. The talks come a month after SBI VC Trade absorbed Bitpoint Japan on April 1, with SBI VC Trade becoming the surviving company. A Bitbank acquisition would give SBI a larger position in Japan’s crypto exchange market at a time when policymakers are preparing to bring crypto assets under the Financial Instruments and Exchange Act. Read more
Four Japanese government agencies have warned against the AML risks posed by crypto in real estate transactions, instructing industry bodies to enforce stricter compliance. Japan's financial, law enforcement and real estate regulators have issued a joint guidance request warning that crypto assets pose money laundering risk in property transactions. The request, published on Tuesday, was issued by the Ministry of Land, Infrastructure, Transport and Tourism, the Financial Services Agency, the National Police Agency and the Ministry of Finance. It was addressed to major real estate and crypto industry bodies, including the Japan Cryptocurrency Business Association and several national real estate federations. “Crypto assets, which have the nature of being transferred instantly across national borders, are considered to pose a high risk of being used as a payment method in real estate transactions for the purpose of money laundering,” the request states. Read more
Japan has deployed 1,400 firefighters and 100 Self-Defence Force personnel to battle mountain blazes in the northern part of the country, with the fires, now burning on Sunday for a fifth straight day, continuing to threaten a picturesque coastal town. The area consumed by the fires reached 1,373 hectares as of early Sunday morning, up seven per cent from a day earlier. A helicopter conducts firefighting operations, as wildfires continue in Otsuchi, Iwate Prefecture, Japan on April 26, 2026. — Reuters The fires threaten residential districts of Otsuchi on the Pacific Coast — a town that lost nearly a tenth of its population in one of Japan’s worst disasters, the March 2011 earthquake and tsunami. Evacuation orders are in place for 1,541 households or 3,233 residents, roughly a third of Otsuchi’s population. A firefighter works as wildfires continue in Otsuchi, Iwate Prefecture, Japan on April 26, 2026. — Reuters “Although the Self-Defence Forces are fighting the fires from the sky (with helicopters), t...
The Japanese Securities Clearing Corporation will test using Japanese government bonds as digital collateral on the Canton network with Mizuho, Nomura and Digital Asset. Japan Securities Clearing Corporation (JSCC), part of Japan Exchange Group (JPX), said Monday it will launch a proof of concept with Mizuho Financial Group, Nomura Holdings and Digital Asset to test the use of Japanese government bonds as digital collateral on the Canton Network. The project will examine whether Japanese Government Bonds (JGBs) can be transferred and managed onchain while maintaining the legal status of the bonds under the Book-Entry Transfer Act and the Financial Instruments and Exchange Act. The trial will also test whether integrating existing systems with Canton’s blockchain infrastructure can support more sophisticated, real-time collateral transactions on a 24/7 basis, including in cross-border use cases. Read more
Japan tightens oversight with insider-trading bans and new disclosure rules as crypto markets attract more institutional participation. The Japanese government amended the Financial Instruments and Exchange Act on Friday to classify crypto assets as financial instruments. The amendment also bans insider trading and other activities that involve buying and selling based on undisclosed information, Nikkei reported. The amended act will also now require cryptocurrency “issuers” to be more transparent and disclose information once a year. Read more
The crypto exchange has previously been in the crosshairs of Japanese regulators for offering products and services without the proper registration. Japan’s watchdog overseeing many activities for cryptocurrency exchanges, has issued warning letters to companies including KuCoin for conducting certain operations without registering, according to a Thursday update from the Financial Services Agency (FSA). According to the agency’s latest list of entities “conducting financial instruments business without registration,” the FSA said platforms KuCoin, NeonFX, theoption, and GTCFX received a March notice for “soliciting over-the-counter (OTC) derivatives trading via the internet.” Of the four platforms, the FSA listed KuCoin, which is headquartered in the Seychelles, as offering services to Japanese residents, while the others have an international user base. The FSA issued a similar warning to KuCoin and other exchanges, including Bybit, in November 2024 for offering products and services to Japanese residents w...
SBI VC Trade said users could lend assets directly to its platform, but added that the company may re-lend funds as part of its operations. SBI Holdings’ digital asset arm, SBI VC Trade, said it will launch a USDC lending service in Japan on Thursday, allowing retail users to lend stablecoins to the platform under fixed-term agreements in exchange for returns. On Wednesday, the company said users will be able to lend Circle’s USDC (USDC) stablecoin to the platform and receive interest payments, with a maximum application of 5,000 USDC per offering. The product is structured as a loan to SBI VC Trade rather than a deposit, meaning users take direct counterparty risk. SBI said it may also re-lend the borrowed USDC as part of its operations. The launch marks a further step in Japan’s stablecoin rollout, bringing a consumer-accessible USDC yield product to market through a licensed domestic platform. Read more