Virtual Currency, Japan

日本中央銀行デジタル通貨(CBDC) - 日本銀行が概念実証を完了し、CBDC実証実験を開始 - Japan Central Bank Digital Currency (CBDC) – Bank of Japan Completes Proof of...

Kilpatrick on 9/6/2023

日本銀行は、中央銀行デジタル通貨(CBDC)に関する２年間の概念実証(proof-of-concept)リサーチを完了し、現在、実証実験(パイロット・プログラム)を開始している。これにより、日本は、CBDC開発の実証段階に進んだ世界有数の経済国のひとつとなった。金融専門家は、2030年までに5兆ドルのCBDCが最大40億人に流通すると予想している。世界第3位の経済大国として、デジタル円が採用される可能性は、世界の金融システムやデジタル資産金融技術...more

Japan Central Bank Digital Currency (CBDC) – Bank of Japan Completes Proof of Concept and Begins Pilot for Japanese CBDC

Kilpatrick on 6/21/2023

The Bank of Japan has completed its two-year proof-of-concept research for its prospective central bank digital currency (CBDC) and has now launched a pilot program. This makes Japan the largest democratic economy in the...more

[Webinar] Recent Trends in the U.S. Department of Justice’s International Criminal Investigations - September 8th, 9:00 am - 10:00...

Paul Hastings LLP on 7/26/2022

Discussion with two former senior prosecutors on how to handle cases involving Japanese multinational corporations - It is not unusual for the U.S. Department of Justice to investigate non-U.S. multinational corporations...more

Blockchain Week in Review - March 2022 #2

Perkins Coie on 3/24/2022

Zelenskyy Signs Virtual Assets Bill Into Law, Legalizing Crypto in Ukraine - On March 16, Ukrainian President Volodymyr Zelenskyy signed the Law on Virtual Assets. According to a statement by the Ministry of Digital...more

fintech NEXT: Developments on Digital Assets and Blockchain

Dechert LLP on 8/18/2020

Blockchain technology continues to mature and gain acceptance for a wide range of potentially disruptive financial and commercial uses. In the wake of COVID-19, we have seen an increased focus on the research and development...more

Blockchain Week in Review - July 2020 #2

Perkins Coie on 7/27/2020

US Developments - CFTC and SEC Issue Orders Filing and Settling Charges with Two Entities for Illegal Off-Exchange Trading and Registration Violations - On July 13, 2020, the Commodity Futures Trading Commission (CFTC) and...more

Japanese FinTech Regulations Set For Further Changes In 2020

Morrison & Foerster LLP on 2/21/2020

Part 1: Proposed regulatory amendments concerning payment settlement services and the introduction of a one-stop intermediary license for marketing financial products- It is generally expected that a bill will soon be...more

Blockchain Week in Review - January 2020 #3

Perkins Coie on 1/29/2020

U.S. Developments - Federal and State Regulatory Developments - Bill in Hawaii State Senate Addresses Digital Assets Including Authorization for Banks to Serve as Qualified Custodians - SB 2594 before the Hawaii...more

Japan Legal Update - Volume 47 | May–June 2019

Jones Day on 6/28/2019

Finance - Amendment to the Payment Services Act Tightens Regulation of Crypto Assets - The Payment Services Act ("PSA") and the Financial Instruments and Exchange Act ("FIEA") were amended on May 31, 2019...more

Blockchain Week in Review - April 2019 #4

Perkins Coie on 5/7/2019

U.S. Developments - New York Attorney General Announces Filing in Connection with Tether, Bitfinex Investigation - On April 25, 2019, New York Attorney General Letitia James announced that her office obtained a court...more

Blockchain Week in Review - April 2019 #3

Perkins Coie on 5/6/2019

U.S. Developments - Regulatory Updates - Arca Investment Management Files With SEC to Issue Stablecoin - Arca Investment Management, a California-based investment management firm specializing in digital assets, filed an...more

Japan Continues to Embrace Cryptocurrency with Launch of Self-Regulatory Organization: Will the US or Other Countries Follow Suit?

King & Spalding on 11/6/2018

On October 24, 2018, Japan’s Financial Services Agency (FSA) gave the country’s cryptocurrency industry self-regulatory status, allowing the Japan Virtual Currency Exchange Association (JVCEA) power to police and penalize...more

Blockchain Week in Review - October 2018 #3

Perkins Coie on 11/2/2018

FATF Issues Virtual Currency Guidance - On October 19, the Financial Action Task Force (“FATF”) published the outcomes of its Plenary meeting. Included in the outcomes of the meeting were new recommendations related to the...more

Crypto As Commodity, And The Bankruptcy Implications

Foley & Lardner LLP on 10/19/2018

On Aug. 23, 2018, Nobuaki Kobayashi, the trustee over the estate of the troubled Mt. Gox — the hacked Japanese cryptocurrency exchange — opened an online claims submission process that would allow creditors to recoup their...more

Your Daily Dose of Financial News

Robins Kaplan LLP on 9/27/2018

To no one’s surprise, the Fed followed through with its months of promises and raised its benchmark interest rate by 25 basis points yesterday. The FOMC also indicated that it’s planning to raise rates again in December....more

Japan Legal Update - Volume 40 | September 2018

Jones Day on 9/27/2018

Supreme Court Decides Whether a Fixed Overtime Allowance is Considered Statutory Overtime Wages - On July 19, 2018, in a case in which the parties litigated whether payment of a so-called fixed overtime allowance is...more

Blockchain Week in Review - August 2018 #2

Perkins Coie on 8/23/2018

SEC Bars Perpetrator of Initial Coin Offering Fraud - On August 14, 2018, the SEC obtained permanent officer-and-director and penny stocks bars against David T. Laurance of Tomahawk Exploration LLC (“Tomahawk”), who...more

Multi-Billion Dollar Japanese Tech Conglomerate to Process Salaries in Bitcoin

Proskauer - Blockchain and the Law on 2/27/2018

GMO Internet Inc. (“GMO”) is a Japanese-based tech conglomerate with over 4,700 full-time employees and a market cap of over 200 billion yen. Since May 2017, the organization has taken steps to enter the cryptocurrency space,...more

Japan's FSA Clarifies Regulatory Position on Initial Coin Offerings, Warns of Risks

Jones Day on 12/12/2017

The Situation: The Financial Services Agency of Japan ("FSA") has released a statement on initial coin offerings ("ICOs"). It clarifies the regulatory position of ICOs under Japanese law and also highlights potential risks to...more

Your Daily Dose of Financial News

Robins Kaplan LLP on 10/20/2017

Lyft, armed with a fresh billion from Google’s venture investment arm (CapitalG), is looking seriously at a 2018 IPO. The CapG money raises Lyft’s valuation from $6.9 billion to more than $10 billion....more

Blockchain Week in Review – April 2017 #3

Perkins Coie on 5/5/2017

Below is a summary of some of the significant legal and regulatory actions that occurred over the past week. This alert is not intended to be a comprehensive list of all such developments, but rather a selection of...more

Blockchain Week in Review - April 2017 #1

Perkins Coie on 4/13/2017

Below is a summary of some of the significant legal and regulatory actions that occurred over the past week. This alert is not intended to be a comprehensive list of all such developments, but rather a selection of...more

Your daily dose of financial news - The Brief – 9.21.16

Robins Kaplan LLP on 9/21/2016

Testifying before the Senate Banking Committee yesterday, Wells Fargo CEO John Stumpf admitted that the illegal sham-account-creation activity at the heart of its recent SEC fine may have begun earlier than first reported....more

Blog: Japan To Regulate Virtual Currency Exchanges

Cooley LLP on 6/3/2016

The Japan Times is reporting that the Japanese legislature has adopted a Bill on the regulation of virtual, digital and crypto-currency exchanges. The Bill, which is only available in Japanese at present, was approved by...more

Bridging the Week - August 2015

Katten Muchin Rosenman LLP on 8/4/2015

ESMA Says “No for Now” to Granting Passport Rights to US Fund Managers Under AIFMD: The European Securities and Markets Authority told the European Commission last week that it was premature to grant passport rights to...more

Virtual Currency › Japan

"My best business intelligence, in one easy email…"