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Category: Japan

Cardano (ADA) Receives Approval To Be Listed In Japan

Cardano (ADA) has recently secured another win in its long repertoire of wins lately. The native coin of Cardano, ADA, has now been approved to be listed in Japan, which features one of the hardest listing requirements in the world. Only a handful of coins have been able to receive approval to be listed on exchanges in Japan, and ADA just became one of them. Japan has always been crypto-friendly right from the beginning. But that does not mean they have lax laws when it comes to cryptocurrencies. The coins that are listed on exchanges in Japan are carefully screened to make sure that they are good projects for its citizens. This means ADA getting approved makes the coin even more valuable now. Related Reading | Cardano (ADA) Launches Crypto Charity Platform With Rwanda-Based NGO Sebastien Guillemot, CTO and Co-Founder of dcSpark made the announcement on his Twitter profile, outlining that Japan has extremely strict rules for getting listed on crypto exchanges. Cardano was finally listed in Japan! 🇯🇵 $ADA Japan has extremely strict rules for crypto exchange listings. Only a small number of tokens can be listed in Japan, and ADA is now on that list! 🎉🎉 https://t.co/n2oxPHKa36 — Sebastien Guillemot (@SebastienGllmt) August 3, 2021 A Very Important Listing Listings like these do not happen all the time. Cardano (ADA) now joins the likes of Bitcoin, Ethereum, and Litecoin to be amongst coins allowed to be traded on Japanese exchanges. The importance of this listing cannot be overemphasized in the growth of Cardano (ADA) going forward. Guillemot went on to add another tweet that compared the approval in Japan to the listing of the digital asset on Coinbase back in March for the Japanese crypto community. Because while the listing on Coinbase was big news for the rest of the market, Japanese users were still mostly cut off from it. Owing to the strict regulations around cryptocurrencies in the country. Related Reading | Cardano (ADA) Launches Connector For DApps Integration Although the Cardano ICO had taken place mostly in Japan back in 2015, the asset never got listed on any Japanese exchange, until now. This opens access to Cardano (ADA) to a wider customer base who were previously cut off from the market. The listing will allow investors in Japan to finally buy into Cardano (ADA) using exchanges in their own country. Cardano (ADA) Price Reaction The news of the listing has not provided any significant boost to the price of Cardano (ADA) so far. Coin price continues to trend around $1.35, not showing much improvement over the last 24 hours following news of the listing breaking. ADA price remains sluggish | Source: ADAUSD on TradingView.com ADA price remains low momentum despite the market showing continuous bullish trends over the past week. Posting small recoveries, only to dip back down and continue slow movement as time passes. The price of the digital asset is currently trading at $1.357, with a 0.47% gain and a $43.6 billion market cap.
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After U.S, Now Japan Calls for Strong Regulations of Stablecoins

In a fresh development, Japanese regulators are now stepping up efforts to regulate digital currencies, especially stablecoins. In exclusive coverage, Reuters reports that the Japanese government is closely watching the sharp growth of the crypto market and remains worried about its impact on the country’s financial system. Tokyo wants to engage with global financial regulators

The post After U.S, Now Japan Calls for Strong Regulations of Stablecoins appeared first on Coingape.

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Japan to Finalize Digital Yen Plans by 2022

Japan will have more clarity on its CBDC product digital Yen, by the end of next year. According to a lawmaker who is overseeing the ruling party’s digital currency plan, the CBDC development may potentially be the beginning of a turf war between traditional lenders and online platform operators. Bank of Japan will be moving

The post Japan to Finalize Digital Yen Plans by 2022 appeared first on Coingape.

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Is Binance in Trouble? Regulatory actions reported against Binance globally

Changpeng Zhao, Binance CEO tweeted today, how the crypto exchange giant believes in solving problems over engaging in debates or fights. However, none of Binance problems are close to a solution, instead, the arena of trouble has been expanding for Binance. The number of nations that have issued some form of regulatory warning for Binance

The post Is Binance in Trouble? Regulatory actions reported against Binance globally appeared first on Coingape.

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UK’s Financial Conduct Authority Warns Consumers Against Binance Markets

The Financial Conduct Authority (FCA) of the U.K. has issued a consumer warning against Binance Markets. Their warning also extends to the Binance Group.

The post UK’s Financial Conduct Authority Warns Consumers Against Binance Markets appeared first on BeInCrypto.

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Just-In: Coinbase Gets FSA Approval to Enter Japanese Crypto Market

Coinbase ($COIN), one of the largest crypto exchanges based out of New York is all set to enter the Japanese crypto market after getting approval from the country’s top regulatory watchdog Financial Sevice Agency (FSA). The FSA registered Coinbase as a crypto exchange under the revised Fund Settlement Act. The Nasdaq listed crypto exchange would

The post Just-In: Coinbase Gets FSA Approval to Enter Japanese Crypto Market appeared first on Coingape.

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Algorand Blockchain Now Supports Curvegrid’s NFT Bridge

The pairing of Algorand Foundation and Curvegrid will allow the latter’s infrastructure technology “MultiBaas NFT Bridge” to be integrated into the Algorand (ALGO) ecosystem.  Curvegrid has partnered up with Algorand Foundation to share their MultiBaas NFT Bridge software on the latter’s blockchain network. Curvegrid is a Tokyo-based blockchain software company and MultiBaas is their premier … Continued

The post Algorand Blockchain Now Supports Curvegrid’s NFT Bridge appeared first on BeInCrypto.

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Bitcoin Rebounds to $50,000 in Asian Trading after Elon Musk Tweet

Bitcoin descended back to about $50,000 in Asian exchanging on Thursday subsequent to plunging as much as 17% after Elon Musk tweeted Tesla Inc. had quit tolerating bitcoin to buy its vehicles because of environmental concerns. The cost of the world’s biggest digital money dropped from around $54,819 to $45,700, its lowest since March 1, in just shy of two […]

The post Bitcoin Rebounds to $50,000 in Asian Trading after Elon Musk Tweet appeared first on Coin News Asia.

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South Korean Gaming Giant Nexon Buys $100m in Crypto

Organizations in Asia are starting to wager on cryptographic forms of money, with South Korean gaming giant Nexon following the lead of organizations, for example, Tesla and advanced installments expert Square, with a $100 million allotment into bitcoin. On April 28, Nexon said that it has moved a piece of its money into the digital currency, buying 1,717 bitcoins at […]

The post South Korean Gaming Giant Nexon Buys $100m in Crypto appeared first on Coin News Asia.

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China, South Korea, and Japan Seen as Drivers of the Crypto Market

When Beijing threatens to close digital currency trades and boycott Bitcoin buys, costs tank. For Bitcoin legends, where an individual (or people) pseudonymously named Satoshi Nakamoto, a Japanese name, the betting societies of China, combined with the Asian financial forces, proposes these three nations house the absolute best crypto financial backers around. China’s taking its money computerized, in front of […]

The post China, South Korea, and Japan Seen as Drivers of the Crypto Market appeared first on Coin News Asia.

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Crypto-friendly Singapore Warns Public on Risks of Buying Crypto

The Singapore government is presently cautioning the general population to practice risk alert when exchanging digital forms of money, an action that has gotten progressively famous in the city-state just as internationally. The complete market estimation of cryptographic forms of money crossed US$2 trillion interestingly this week.  “Cryptocurrencies can be highly volatile, as their value is typically not related to […]

The post Crypto-friendly Singapore Warns Public on Risks of Buying Crypto appeared first on Coin News Asia.

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