How should Japan deal with stablecoins? ─btokyo members hold a closed event In June 2022, the revised Payment Services Act was enacted, establishing a legal framework for the issuance and distribution of “stablecoins” in Japan. The revised Payment Services Act will come into force within one year of its promulgation, and is expected to come […]
Change in stablecoin power map While BUSD dominance is declining, USDT is over 50% again Potential lawsuit over BUSD issue The U.S. Securities and Exchange Commission (SEC) claims that the US dollar-linked stablecoin “Binance USD (BUSD)” is a security, and its issuer Paxos has failed to register the security with the SEC. (Wells Notice)”. Paxos
Revision of stablecoin guidelines, opinions of experts and lawyers Video content introduction For this CONNECTV, we invited Noritaka Okabe, CEO of JPYC, and Kazuki Ochiai, a lawyer at TMI Sogo Law Office, to discuss the newly revised stablecoin guidelines from the perspective of experts and lawyers. I asked him if he was there. Video table
Declining demand for Binance USD, stablecoin competition entering a new phase ─ Will it be a killer use case for crypto assets | coindesk JAPAN | Coindesk Japan Binance, the world’s largest cryptocurrency exchange, made a big push last year for its own stablecoin, Binance USD (BUSD). However, recent speculation over the health of Binance
Tron (TRX) drops 8% Following the turmoil of Huobi, where Mr. Sun is an advisor | coindesk JAPAN | Coindesk Japan On January 6, 2023, the price of Tron (TRX), the 18th largest token by market capitalization, is driven by Huobi despite the overall cryptocurrency market performing well. In the midst of the tension, it
5 trends for cryptocurrencies and NFTs in 2023 = PwC report Coin PostMost read now in A.Yamada Reference: Report Virtual currency information 2023/01/04 10:30 Image used under license from Shutterstock 5 trends in the cryptocurrency market In December, Price Waterhouse Coopers (PwC), one of the world’s four largest accounting and consulting firms, released a report
Fed and others warn of risks cryptocurrencies pose to banks Risks pointed out in the background such as FTX bankruptcy Three U.S. authorities, including the U.S. Federal Reserve Board (FRB), issued a statement on the 3rd, calling attention to the risks crypto assets (virtual currencies) pose to banks. Along with the Fed, the U.S. Office
Singapore, Singapore, 19th April, 2022, Chainwire TUSD celebrates its successful one-year introduction to the market. April 9 marked the first anniversary of the stablecoin’s deployment on the TRON blockchain. Since then, TUSD, the first fully-regulated USD-pegged stablecoin on TRON with real-time on-chain audit, has been on the growth upswing, attracting large numbers of users while
