Japan | Crypto

Existing fixed debt keeps its terms, while future BitBonds must clear a materially higher funding hurdle. The post Japan’s 4% bond yield spike threatens the low-cost borrowing strategy behind corporate Bitcoin buying appeared first on CryptoSlate.

Remixpoint sold $5.5 million in ETH, SOL, XRP and DOGE, booking a $736,000 net gain as it narrowed its crypto strategy to focus on Bitcoin. Remixpoint, one of Japan’s largest corporate Bitcoin holders, sold all its altcoins, leaving about 1,506 BTC ($115 million) as its only cryptocurrency holding as it concentrates its crypto strategy around Bitcoin. Remixpoint sold its Ether (ETH), Solana (SOL), XRP (XRP) and Dogecoin (DOGE) holdings for a combined 878.8 million yen ($5.5 million), generating a 117.8 million yen ($736,000) gain, according to a Wednesday company disclosure. The company recorded gains on its ETH, SOL and XRP sales but sold its DOGE holdings at a 3.26 million yen ($20,000) loss. The company completed the sale on Tuesday and expects to book the gain in the second quarter of the fiscal year ending March 2027. Read more

The FSA, Finance Ministry, BOJ and financial institutions plan to study the infrastructure and produce a development plan by early 2027. Japan is reportedly preparing a blockchain-based system intended to enable immediate cash settlement of stock and Japanese government bond transactions at any time of day. The Financial Services Agency, Ministry of Finance, Bank of Japan (BOJ) and financial institutions plan to establish a study group this summer, Nikkei reported Wednesday. The group is expected to decide how the blockchain-based infrastructure will be built, divide responsibilities among public agencies and financial institutions and produce a development plan early in 2027.  Read more

Fasset raised $68 million in a Series C led by SBI Group as the companies plan a digital bank in Malaysia and to expand stablecoin payments. Stablecoin neobanking platform Fasset has raised $68 million in a Series C funding round led by Japan’s SBI Group at a $1 billion valuation. The financing follows Fasset’s $51 million Series B in May and brings the company’s total funding raised in 2026 to $119 million, Fasset said Monday. SBI Holdings said Monday in a separate statement that it made an additional investment in Fasset after first investing in the company in May. The Japanese financial group did not disclose the size of its latest investment. Read more

Nomura-backed Laser Digital Japan received registration to provide domestic liquidity before expanding into institutional crypto trading. Nomura Group’s digital asset subsidiary, Laser Digital, received authorization to operate as a crypto asset exchange service provider under Japan’s Payment Services Act (PSA) A list issued by Japan’s Financial Services Agency (FSA) on Friday showed that Laser Digital received the country’s first crypto exchange license in four years. The last platform to receive FSA authorization was Binance Japan in October 2022.  Japan’s crypto market is entering a “new phase of maturity,” creating a need for “trusted counterparties and infrastructure” as “institutional investors increase their interest in this asset class,” Jez Mohideen, co-founder and CEO of Laser Digital, said in a Friday press release. Read more

Japanese authorities called for address registration, customer-specific limits and stronger authentication as part of a broader push to curb misuse of exchange accounts. Japan’s financial regulator has asked crypto exchanges to introduce withdrawal delays and other safeguards as authorities respond to increasingly sophisticated scams involving digital assets.  On Thursday, the Financial Services Agency (FSA) said it had jointly requested the measures with the National Police Agency amid growing losses among crypto exchange users and cases where funds obtained through fraudulent schemes are being transferred to exchange accounts. The request calls on exchanges to restrict crypto withdrawals for a specified period after customers deposit fiat currency or purchase digital assets. Platforms were also asked to require users to pre-register crypto withdrawal addresses and impose a waiting period before newly added addresses can be used. Read more

The crypto exchange stopped accepting new registrations from Japan residents and will begin progressively restricting existing accounts on Nov. 1. Crypto exchange Bitget said it will stop providing services to residents of Japan and phase in account restrictions.  The exchange announced Monday that it had stopped accepting new registrations from residents of Japan, while account restrictions will begin Nov. 1. Any positions still open on Dec. 31 will be forcibly closed. Bitget said users who believe they have been incorrectly classified as residents of Japan must complete “Level 2” identification, which includes address verification, by Nov. 1. Failure to do so will result in their accounts being classified as belonging to residents of Japan. Read more

Takata's 1.25% bid failed, while decision-day derivatives showed no active leverage break despite the measurable squeeze setup. The post Bitcoin just slept through Japan’s rate decision, but a swollen yen short is quietly threatening a massive margin call appeared first on CryptoSlate.

Analysis warned of a repeat of the 2024 yen carry-trade unwind that pressured crypto markets ahead of the next Bank of Japan interest-rate meeting. Japan’s central bank is in focus this week as its next interest-rate meeting comes amid new 40-year yen lows against the US dollar. Key points:  Data from TradingView showed USD/JPY approaching 164 on Tuesday, just a fraction below new 40-year highs seen last week. Read more

A 2028 start depends on FIEA enforcement landing in 2027, while eligible assets and product approvals face separate gates. The post Japan passes the crypto law traders wanted but its 20% tax could still wait until 2028 appeared first on CryptoSlate.

Japan’s revised Financial Instruments and Exchange Act introduces crypto insider trading rules, tougher penalties and new oversight requirements for crypto businesses. Japan is set to reshape its cryptocurrency market with stricter trading rules, stronger user protections and a framework closer to traditional finance. The country’s parliament on Wednesday passed revisions that classify crypto assets as financial assets under Japan’s Financial Instruments and Exchange Act (FIEA), according to a report by local news agency Nikkei. The changes move Japan’s crypto regulation away from the Payment Services Act (PSA), which treated digital assets primarily as payment instruments, and introduce insider trading rules and stronger oversight for crypto businesses. Read more

The companies will explore using USDC for JCB’s cross-border treasury operations and merchant payments in Japan as regulated stablecoin adoption gains momentum. Japan’s largest domestic payment network, JCB, has signed a memorandum of understanding with Circle to explore using USDC for cross-border payments and merchant transactions. Under the memorandum, the companies will initially explore using USDC for JCB’s internal cross-border fund transfers through a proof of concept, while also evaluating stablecoin payments at merchants in Japan for international visitors. The companies said they will also assess technologies that support interoperability across multiple blockchain networks. The agreement builds on a separate initiative JCB launched in January with Digital Garage and Resona Holdings to test stablecoin payments at physical stores in Japan. That project focuses on identifying technical and operational challenges to bringing stablecoin payments to domestic merchants. Read more

JCB and Circle will explore using USDC for cross-border payments and merchant transactions as Japan ramps up efforts to bring stablecoins into everyday commerce.

Bitcoin backed mortgages and stablecoin yield are hot topics in Japan right now, as Hyundai experiments with Avalanche for global stablecoin transfers. Asia Express A crypto wallet linked to a suspected romance-scam money launderer processed more than $122.5 million in 10 months, according to Interpol. Interpol said that Thai authorities arrested two suspects and uncovered a money-laundering network that funneled proceeds from romance scams into cryptocurrencies, using cross-chain token swaps to obscure the trail. The investigation was part of Operation First Light 2026, an Interpol-coordinated campaign targeting social engineering scams and the financial infrastructure used to launder their proceeds. Read more

SBI VC Trade will open JPYSC lending applications on July 16, offering an initial 3% annual rate for a 12-week term without deposit insurance. Tokyo-based SBI VC Trade will begin accepting applications Thursday for a Japanese yen-denominated stablecoin lending service offering an initial annualized rate of 3% on JPYSC lent for 12 weeks. Customers will lend JPYSC to the SBI Holdings subsidiary from Thursday and receive the tokens back with a lending fee at maturity, the company said in a Monday press release. At the advertised rate, the gross return over the 12-week term would be about 0.69%, before tax. The company said the product pays more than the 0.325% to 1% annual rate SBI cited for ordinary yen deposits. Still, it is not a bank deposit, is not covered by deposit insurance and generally cannot be canceled early. Read more

Lawson will test yen stablecoin payments in Tokyo as Netstars launches a merchant service supporting USDC, USDT and JPYC. Japanese convenience-store operator Lawson plans to test yen-denominated stablecoin payments at a Tokyo location in August, examining whether stablecoin payments can work inside a standard convenience store checkout flow. On Monday, blockchain company HashPort said it had signed an agreement with Lawson and telecom group KDDI to conduct the trial at the Lawson Takanawa Gateway City store. Participants will use HashPort's non-custodial wallet, while the store will process payments through the company's point-of-sale system without needing to open or manage crypto wallets.  The pilot aims to explore how stablecoin payments can be integrated into Japan’s existing retail infrastructure while shielding merchants from much of the operational complexity associated with accepting digital assets. Read more

Metaplanet said it is studying Bitcoin-backed digital credit products in Japan with JPYC and Progmat, but no product has been launched. Japanese investment and Bitcoin treasury company Metaplanet's securities arm, Metaplanet Securities, stablecoin issuer JPYC and tokenization infrastructure provider Progmatare are tying up on a joint study on Bitcoin-backed digital credit products in Japan. The study involves using BTC as collateral and a credit enhancement tool combined with the Japanese yen-pegged JPY Coin (JPYC) stablecoin for settlement and payments, while security tokens will be used to manage holder rights, Metaplanet said Friday. The joint study will examine whether Bitcoin can be used as collateral or credit enhancement for digital corporate bonds and other credit instruments, with 24/7 accessibility, settlement and daily interest accrual for holders, issued on the blockchain ledger. No product has been launched yet as part of the experiment. Read more

The bitcoin treasury company is working with JPYC and Progmat to explore tokenized credit products backed by bitcoin, aiming to create efficient, 24/7 credit markets in Japan.

Ripple and SBI announced the official launch of RLUSD in Japan on June 24, following JFSA approval, with the stablecoin available to institutional and retail users through SBI VC Trade. Ripple categorized RLUSD under Japan's Payment Services Act as a new type of electronic payment instrument for foreign-issued stablecoins, the first time the company has […] The post Ripple got RLUSD into Japan, now the stablecoin race begins as Circle and Nomura join appeared first on CryptoSlate.

JPYSC officially launches today, Japan's first yen stablecoin, issued by SBI Shinsei Trust Bank and distributed through SBI VC Trade. The post SBI Group Launches JPYSC, Japan’s First Trust Bank-Backed Yen Stablecoin appeared first on Cryptonews.