The next phase of the fundraising could occur this week, an executive told Bloomberg, on behalf of the company’s blockchain project.
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Japan is an island nation in East Asia. It is the tenth-largest country in the world by population and has the third- and fourth-largest economy by nominal GDP and purchasing power parity, respectively. Japan has been interested in Bitcoin and blockchain technology developments from the beginning, so the country has become the place of origin for several of the largest Japan Bitcoin exchange platforms, which have expanded to the international level with a wide range of virtual currencies available. Despite serious cyberattacks, the authorities have continued to raise a lot of capital for the popularization of digital currencies. The government considers Japan cryptocurrency legislation as a way to attract international investors from countries where cryptocurrency is banned and, through that, to strengthen the national economy.
A Japanese crypto industry association has proposed recommendations on ICO regulation
U.S. smart contract security company Quantstamp announces its extension to Japan following an investment from local financial giant Nomura.
In Japan, the number of hacked IoT devices and cryptocurrency networks nearly doubled in 2018 when compared to the previous year.
According to the Worldwide Semiannual Blockchain Spending Guide, blockchain spending on a global scale will be nearly $2.9 billion in 2019.
Five regional financial institutions aim to release the first services of their blockchain-based financial platform in April.
Last month was particularly eventful for the Japanese crypto ecosystem.
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Former CEO of now-defunct Bitcoin exchange Mt. Gox was denied his motion to stay a U.S. lawsuit against him.
7,096 cases of suspected money laundering tied to crypto were reported to Japanese police in 2018.
SoftBank and TBCASoft are to lead a new digital identification study group under the canopy of the Carrier Blockchain Study Group consortium.
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Japanese solar power supplier Kyocera has partnered with LO3 Energy to improve energy distribution with blockchain.
Japan’s banking giant Mizuho Financial Group will launch its digital currency platform for payments and remittance services in March.
The major Japanese investment bank has published the results of a pilot project, aimed at implementing blockchain tech for securities post-trade processing.