Japan | Crypto

JPYC President Noriyoshi Okabe said that the stablecoin has already garnered interest from seven companies that are looking to incorporate it into their services. Tokyo-based fintech firm JPYC has launched Japan’s first yen-backed stablecoin along with a platform to issue the new coin, amid a growing global race to corner the growing market. The Japanese yen stablecoin JPYC went live on Monday and is backed one-to-one by bank deposits and government bonds, and also has a 1:1 exchange rate with the yen, the company said on Friday. At a press conference in Tokyo, JPYC President Noriyoshi Okabe said the stablecoin from his company is a “major milestone in the history of Japanese currency,” and has also attracted interest from seven companies planning to incorporate it, according to a report from Business Insider Japan.   Read more

The majority of wealthy investors surveyed in Hong Kong plan to buy crypto this year, Japan to allow banks to hold Bitcoin. Asia Express. Standard Chartered Hong Kong will reportedly launch trading services for crypto exchange-traded funds (ETFs) in November. According to the banks wealthy clients study cited by local newspaper Ming Pao, nearly 80% plan to invest in digital assets within the next year, while more than 30% already hold some form of crypto exposure. The survey covered over 500 respondents with at least 1 million Hong Kong dollars (about $128,650) in liquid assets. Read more

The majority of wealthy investors surveyed in Hong Kong plan to buy crypto this year, Japan to allow banks to hold Bitcoin. Asia Express. Standard Chartered Hong Kong will reportedly launch trading services for crypto exchange-traded funds (ETFs) in November. According to the banks wealthy clients study cited by local newspaper Ming Pao, nearly 80% plan to invest in digital assets within the next year, while more than 30% already hold some form of crypto exposure.  The survey covered over 500 respondents with at least 1 million Hong Kong dollars (about $128,650) in liquid assets. Read more

The majority of wealthy investors surveyed in Hong Kong plan to buy crypto this year, Japan to allow banks to hold Bitcoin. Asia Express. Standard Chartered Hong Kong will reportedly launch trading services for crypto exchange-traded funds (ETFs) in November. According to the banks wealthy clients study cited by local newspaper Ming Pao, nearly 80% plan to invest in digital assets within the next year, while more than 30% already hold some form of crypto exposure.  The survey covered over 500 respondents with at least 1 million Hong Kong dollars (about $128,650) in liquid assets. Read more

The majority of wealthy investors surveyed in Hong Kong plan to buy crypto this year, Japan to allow banks to hold Bitcoin. Asia Express. Standard Chartered Hong Kong will reportedly launch trading services for crypto exchange-traded funds (ETFs) in November. According to the banks wealthy clients study cited by local newspaper Ming Pao, nearly 80% plan to invest in digital assets within the next year, while more than 30% already hold some form of crypto exposure.  The survey covered over 500 respondents with at least 1 million Hong Kong dollars (about $128,650) in liquid assets. Read more

The majority of wealthy investors surveyed in Hong Kong plan to buy crypto this year, Japan to allow banks to hold Bitcoin. Asia Express. Standard Chartered Hong Kong will reportedly launch trading services for crypto exchange-traded funds (ETFs) in November. According to the banks wealthy clients study cited by local newspaper Ming Pao, nearly 80% plan to invest in digital assets within the next year, while more than 30% already hold some form of crypto exposure.  The survey covered over 500 respondents with at least 1 million Hong Kong dollars (about $128,650) in liquid assets. Read more

The majority of wealthy investors surveyed in Hong Kong plan to buy crypto this year, Japan to allow banks to hold Bitcoin. Asia Express. Standard Chartered Hong Kong will reportedly launch trading services for crypto exchange-traded funds (ETFs) in November. According to the banks wealthy clients study cited by local newspaper Ming Pao, nearly 80% plan to invest in digital assets within the next year, while more than 30% already hold some form of crypto exposure.  The survey covered over 500 respondents with at least 1 million Hong Kong dollars (about $128,650) in liquid assets. Read more

The majority of wealthy investors surveyed in Hong Kong plan to buy crypto this year, Japan to allow banks to hold Bitcoin. Asia Express. Standard Chartered Hong Kong will reportedly launch trading services for crypto exchange-traded funds (ETFs) in November. According to the banks wealthy clients study cited by local newspaper Ming Pao, nearly 80% plan to invest in digital assets within the next year, while more than 30% already hold some form of crypto exposure.  The survey covered over 500 respondents with at least 1 million Hong Kong dollars (about $128,650) in liquid assets. Read more

The majority of wealthy investors surveyed in Hong Kong plan to buy crypto this year, Japan to allow banks to hold Bitcoin. Asia Express. Standard Chartered Hong Kong will reportedly launch trading services for crypto exchange-traded funds (ETFs) in November. According to the banks wealthy clients study cited by local newspaper Ming Pao, nearly 80% plan to invest in digital assets within the next year, while more than 30% already hold some form of crypto exposure.  The survey covered over 500 respondents with at least 1 million Hong Kong dollars (about $128,650) in liquid assets. Read more

The majority of wealthy investors surveyed in Hong Kong plan to buy crypto this year, Japan to allow banks to hold Bitcoin. Asia Express. Standard Chartered Hong Kong will reportedly launch trading services for crypto exchange-traded funds (ETFs) in November. According to the banks wealthy clients study cited by local newspaper Ming Pao, nearly 80% plan to invest in digital assets within the next year, while more than 30% already hold some form of crypto exposure.  The survey covered over 500 respondents with at least 1 million Hong Kong dollars (about $128,650) in liquid assets. Read more

The majority of wealthy investors surveyed in Hong Kong plan to buy crypto this year, Japan to allow banks to hold Bitcoin. Asia Express. Standard Chartered Hong Kong will reportedly launch trading services for crypto exchange-traded funds (ETFs) in November. According to the banks wealthy clients study cited by local newspaper Ming Pao, nearly 80% plan to invest in digital assets within the next year, while more than 30% already hold some form of crypto exposure.  The survey covered over 500 respondents with at least 1 million Hong Kong dollars (about $128,650) in liquid assets. Read more

The majority of wealthy investors surveyed in Hong Kong plan to buy crypto this year, Japan to allow banks to hold Bitcoin. Asia Express. Standard Chartered Hong Kong will reportedly launch trading services for crypto exchange-traded funds (ETFs) in November. According to the banks wealthy clients study cited by local newspaper Ming Pao, nearly 80% plan to invest in digital assets within the next year, while more than 30% already hold some form of crypto exposure.  The survey covered over 500 respondents with at least 1 million Hong Kong dollars (about $128,650) in liquid assets. Read more

The majority of wealthy investors surveyed in Hong Kong plan to buy crypto this year, Japan to allow banks to hold Bitcoin. Asia Express. Standard Chartered Hong Kong will reportedly launch trading services for crypto exchange-traded funds (ETFs) in November. According to the banks wealthy clients study cited by local newspaper Ming Pao, nearly 80% plan to invest in digital assets within the next year, while more than 30% already hold some form of crypto exposure.  The survey covered over 500 respondents with at least 1 million Hong Kong dollars (about $128,650) in liquid assets. Read more

The majority of wealthy investors surveyed in Hong Kong plan to buy crypto this year, Japan to allow banks to hold Bitcoin. Asia Express. Standard Chartered Hong Kong will reportedly launch trading services for crypto exchange-traded funds (ETFs) in November. According to the banks wealthy clients study cited by local newspaper Ming Pao, nearly 80% plan to invest in digital assets within the next year, while more than 30% already hold some form of crypto exposure.  The survey covered over 500 respondents with at least 1 million Hong Kong dollars (about $128,650) in liquid assets. Read more

The majority of wealthy investors surveyed in Hong Kong plan to buy crypto this year, Japan to allow banks to hold Bitcoin. Asia Express. Standard Chartered Hong Kong will reportedly launch trading services for crypto exchange-traded funds (ETFs) in November. According to the banks wealthy clients study cited by local newspaper Ming Pao, nearly 80% plan to invest in digital assets within the next year, while more than 30% already hold some form of crypto exposure.  The survey covered over 500 respondents with at least 1 million Hong Kong dollars (about $128,650) in liquid assets. Read more

The majority of wealthy investors surveyed in Hong Kong plan to buy crypto this year, Japan to allow banks to hold Bitcoin. Asia Express. Standard Chartered Hong Kong will reportedly launch trading services for crypto exchange-traded funds (ETFs) in November. According to the banks wealthy clients study cited by local newspaper Ming Pao, nearly 80% plan to invest in digital assets within the next year, while more than 30% already hold some form of crypto exposure.  The survey covered over 500 respondents with at least 1 million Hong Kong dollars (about $128,650) in liquid assets. Read more

The majority of wealthy investors surveyed in Hong Kong plan to buy crypto this year, Japan to allow banks to hold Bitcoin. Asia Express. Standard Chartered Hong Kong will reportedly launch trading services for crypto exchange-traded funds (ETFs) in November. According to the banks wealthy clients study cited by local newspaper Ming Pao, nearly 80% plan to invest in digital assets within the next year, while more than 30% already hold some form of crypto exposure.  The survey covered over 500 respondents with at least 1 million Hong Kong dollars (about $128,650) in liquid assets. Read more

The majority of wealthy investors surveyed in Hong Kong plan to buy crypto this year, Japan to allow banks to hold Bitcoin. Asia Express. Standard Chartered Hong Kong will reportedly launch trading services for crypto exchange-traded funds (ETFs) in November. According to the banks wealthy clients study cited by local newspaper Ming Pao, nearly 80% plan to invest in digital assets within the next year, while more than 30% already hold some form of crypto exposure.  The survey covered over 500 respondents with at least 1 million Hong Kong dollars (about $128,650) in liquid assets. Read more

Hayes previously predicted that Bitcoin’s price would soar to $250,000 when the Bank of Japan pivoted to quantitative easing measures. Japan’s new Prime Minister, Sanae Takaichi, announced a package of economic stimulus measures on Tuesday to ease the impact of inflation on households. The move, some crypto observers said, may drive more capital into Bitcoin. The stimulus measures include subsidies for electricity and gas charges, as well as regional grants to ease price pressure and encourage small to medium-sized businesses to raise wages. BitMEX co-founder Arthur Hayes viewed the development as a precursor to more fiat money printing by Japan’s central bank, which may catalyze Bitcoin’s (BTC) rise to $1 million. Read more

Japan’s Financial Services Agency is weighing reforms that could let banks hold cryptocurrencies like Bitcoin and operate licensed crypto exchanges. Japan’s Financial Services Agency (FSA) is reportedly preparing to review regulations that could allow banks to acquire and hold cryptocurrencies such as Bitcoin for investment purposes. The move would mark a major policy shift, as current supervisory guidelines, revised in 2020, effectively ban banks from holding crypto due to volatility risks, according to a Sunday report from Livedoor News. Per the report, the FSA plans to discuss the reform at an upcoming meeting of the Financial Services Council, an advisory body to the Prime Minister. The initiative aims to align crypto asset management with traditional financial products like stocks and government bonds. Read more