Blockchain 

Japan’s Kanto Region to Track Surplus Solar Energy with Power Ledger

Australian tech firm Power Ledger will run another blockchain-enabled energy trading trial in Japan’s Kanto region by December 2019. In order to launch its second trial in Japan, Power Ledger teamed up with Japanese solar provider Sharing Energy and electricity retailer eRex, the firm stated in a press release shared with Cointelegraph on Oct. 3. Main region of Japan’s economy The new Power Ledger’s trial will track surplus solar energy levels and electricity trading, integrating blockchain-enabled P2P platform with household smart meter systems in the Kanto region.  With Japan’s capital…

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Bitcoin 

Japan’s Coincheck Crypto Exchange Reduces Leverage by 20%

Japanese cryptocurrency exchange Coincheck has announced it is reducing the scope of its leveraged trading options to comply with local rules. In a blog post on Aug. 30, officials said they were reducing the size of leverage available for margin traders from five times to four times. Coincheck plans Oct. 31 changes The move has come in direct response to best practices put forward by the Japan Virtual Currency Exchange Association — or JVCEA — the dedicated self-regulatory body for the Japanese exchange industry. The changes should take effect from…

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Blockchain 

Japan’s Largest Gift Card Marketplace Launching Blockchain Gift Cards

Japan’s largest gift card platform Amaten will issue tokenized gift cards in partnership with blockchain network provider Aelf. United Kingdom news outlet Verdict reported on Aug. 20 that Amaten partnered with Aelf — one of the 30 blockchain providers certified by the China Electronics Technology Standardization Institute — to issue gift cards on the blockchain. Amaten plans to build its framework on top of Aelf’s platform to tokenize its gift cards, enabling them to be exchanged and managed on the blockchain. Gift cards and blockchain: “a completely natural fit” This initiative…

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Bitcoin 

Japan’s Retail Giant Rakuten Officially Launches Crypto Exchange

Japanese cryptocurrency exchange Rakuten Wallet has launched trading a year after acquiring Everybody’s Bitcoin. Three trading pairs go live Confirmed in a press release on Aug. 19, Rakuten Wallet, which is a subsidiary of Japanese e-commerce giant Rakuten, said spot trading of three cryptocurrencies — Bitcoin (BTC), Ethereum (ETH) and Bitcoin Cash (BCH) — was now live.  In future, developers plan to release an app for iOS and Android, use of which will be mandatory for deposits and withdrawals.  “Customers who already have a bank account with Rakuten Bank will…

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Ethereum 

G7 Approves Japan’s Cryptocurrency-Based SWIFT Alternative

The Japanese government is attempting to spearhead the creation of a new, global cryptocurrency payments network that would be similar to SWIFT. Replace SWIFT with a global crypto payments network? Citing an anonymous source, a Reuters report published on July 18 claimed that the country’s push for the network is motivated by a resolve to combat money laundering more effectively. While plans are being kept firmly under wraps, the source alleged that Tokyo hopes to have the network established within the next few years.  Plans for the network were reportedly…

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Bitcoin 

Japan’s Financial Watchdog Orders Hacked Exchange Zaif to Improve Business

Japan’s financial regulator, the Financial Service Agency (FSA), has issued a business improvement order to Japanese investment firm and Zaif crypto exchange operator Fisco. According to Cointelegraph Japan, the FSA has identified shortcomings in Fisco’s internal control systems — such as anti-money laundering measures — and found it to be insufficiently compliant with local laws and regulations. As previously reported, Fisco assumed ownership of Japanese exchange Zaif in fall 2018, shortly after the platform was hacked to the tune of ~$59.7 million. The FSA’s action has reportedly been taken under…

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Bitcoin 

Japan’s Line Reportedly Close to Obtaining FSA License for Japanese Crypto Exchange

LVC Corporation, the digital asset- and blockchain-focused arm of Japanese messaging giant Line, is allegedly close to obtaining a crypto exchange operating license from Japan’s financial regulator. The news was reported by Cointelegraph Japan on June 20. According to the report, Japan’s Financial Services Agency (FSA) could issue the company with an exchange license as early as this month. The trading service, to be dubbed BitMax, would enable Line’s 80 million users in Japan to buy and sell multiple major cryptocurrencies, as well as Line’s native token Link, CT Japan…

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Blockchain 

Japan’s Transport, e-Commerce Partnership on the Fast Track

The Japanese transportation industry is leading the country’s long-standing efforts to go cashless. Earlier this month, two major players from the archipelago’s e-commerce and transport industries partnered up to simplify and promote payments that do not require hard cash. Homegrown e-commerce giant Rakuten plans to incorporate its services into Japan’s premier railway firm, the East Japan Railway Company or JR East to provide electronic support for its “Suica” cards. The cards are used to access trains as well as to pay for goods and services at certain kiosks in train…

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Blockchain 

Japan’s LINE Pay and Visa Partner on New Blockchain, Digital Payments Solutions

LINE Pay Corporation, the operator of fintech services on major Japanese messaging app LINE, is partnering with American payment services firm Visa on new blockchain and digital payments solutions. The news was revealed in a press release shared with Cointelegraph on June 6. As of Q4 2018, there were an estimated 1.66 billion Visa debit cards and 781 million credit cards in circulation worldwide. According to today’s press release, LINE counts 187 million global users monthly, with an estimated 50 million users registered its mobile payment service, Line Pay. The…

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Bitcoin 

Rakuten Partners With Japan’s Biggest Railway Firm to Promote Cashless Payments

Japanese e-commerce giant Rakuten has partnered with Japan’s biggest railway firm, the East Japan Railway Company (JR East), to promote cashless payments. The news was reported by Cointelegraph Japan on June 5. The partnership will enable commuters to charge and use their rechargeable smart fare card — JR East’s “Suica” — via the Rakuten Pay mobile app. As Cointelegraph Japan notes, the integrated service will bring cashless transport payments via the mobile app to commuters at 5,000 train stations and approximately 50,000 buses, in addition to around 600,000 stores across…

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