Posts with the TAG # japan

The governor of the Bank of Japan, Haruhiko Kuroda, believes that the central bank's digital currency (CBDC) should work alongside other payment mechanisms to improve Japan's financial ecosystem.

Japan Minister of Finances and Deputy Prime Minister Taro Aso called on journalists to stop using the term "virtual currencies" and opt for "crypto assets".

Taro Aso gave a speech at a press conference after the government meeting. The full transcript of questions and answers dated March 26 was published by the Japan Financial Services Agency (FSA) on April 25th, along with an English translation.

Serbian startup accelerator Decenter reported that the Google Ads contextual advertising service blocked all advertisements containing the word "Ethereum".

Such blocking began on January 8, 2019. According to Decenter, only ads with the word "Ethereum" got under the blocking; all other words from the field of cryptocurrencies, including "Bitcoin", "ICO" and "EOS", were not blocked. At the same time, an advertisement with the word "Ethereum" is blocked with the wording "This advertiser has not been approved to place an advertisement in your location."

According to a survey conducted by the Japanese online publication Shin R25, whose main readers are young people, 14% of Japanese young people between the ages of 20 and 25 own digital assets. The research was conducted from January to March of this year. More than 25% of the respondents said that this was their first investment experience, 92% said they invested their free funds in digital assets. Interest in the cryptocurrencies 37.4% of respondents explained that it is fashionable, and 19.9% paid attention to cryptocurrency due to their popularity in the media.

As the Japanese source MineCC reports, the management of the crypto exchange Coincheck officially announced the breaking and stealing of NEM tokens for $532 million. While it remains unclear, whether other cryptocurrencies were stolen. NEM developers and the community of open source developers have confirmed that there will not be a hardfire for the restoration of lost funds. NEM Foundation President Lon Wong said that there should be no complaints against NEM, and laid overall responsibility for the incident at Coincheck.

Japanese financial group Mitsubishi UFJ Financial Group (MUFG) is launching a program to open a new exchange and issue its own virtual currency MUFG coin. Controlling the exchanges, MUFG plans to restrain the price fluctuations of the MUFG Coin cryptocurrency, so that it can be used consistently for calculations. Thanks to a centralized distribution, MUFG coin will be directly controlled by the bank. Additionally, the bank will be able to control the coin value, which will be about 1 yen. Users will be able to use coins with the help of smartphones to pay for goods and services.