More and more listed companies are stepping up their layout, Japan is still a paradise for cryptocurrencies
according toBitcoinSix listed companies in Japan are planning to launch their own cryptocurrency trading platforms, including Money Forward, which operates one of the most popular personal finance apps in Japan, the report said. Separately, three Japanese companies have also announced plans to enter the field.
Samurai＆J Partners
Founded in 1996, Samurai & J Partners (TYO: 4764) provides banking investment, fintech and IT services. Among its core businesses, the company's website states that it "invests in public companies using what is known as PIPE (Private Equity Investment in Shares of Public Companies) investments." A subsidiary of the company operates the Samurai crowdfunding platform, which "connects individuals who want to manage assets with companies that need capital." The Samurai platform has listed a cryptocurrency fund called the Virtual Currency Mining Fund, which also provides digital currency issuance services. In addition, the company plans to conduct a "lending business for virtual currency holders."
Appbank Inc
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Last week, the company announced the launch of its virtual currency content distribution platform @Blast, with an opening event planned for the end of this month. The company said: @Blast is a web service platform that distributes virtual currency through content focused on games and entertainment. By using the platform, the company plans to "facilitate the dissemination of virtual currency while providing a place for users to interact with virtual currency through this service."
I-Freek Mobile Inc
I-Freek Mobile Inc (TYO: 3845) is a company that provides content services for mobile phone users. The company recently announced that it has amended its articles of incorporation to add a "virtual currency exchange" business. The revised articles of association are expected to be passed at the company's general meeting of shareholders on June 27. The company stated: We increased the virtual currency exchange business, expanded the content business of the company and its subsidiaries, and prepared for future business development.
Openness and regulation
It is understood thatIt is understood thatJapan has long been open to cryptocurrencies
, is one of the first countries to accept bitcoin. On April 1, 2017, the "Payment Service Amendment Act" officially signed by the Japanese cabinet came into effect, and the legality of bitcoin and other encrypted currency payment methods was recognized. Prior to this, the Japanese cabinet passed a series of bills recognizing that cryptocurrencies such as Bitcoin have "property-like value" and can be used for payment and digital transactions.
However, on January 27 this year, the Japanese digital currency exchange Coincheck announced that the New Economic Coin (NEM) worth 530 million U.S. dollars was transferred out of the exchange by hackers and disappeared. The government has strengthened the supervision of relevant aspects.
In February 2018, Japan's Financial Services Agency announced the inspection of 32 cryptocurrency exchanges.
On March 8, the Financial Services Agency announced seven fines involving virtual currency trading platforms, requiring ICO platforms FSHO and Bit Station to shut down virtual currency trading businesses, and announced 140 cryptocurrency platforms violations on the same day.
On April 6, the official website of the Japan Financial Services Agency announced administrative punishment measures against three virtual currency exchanges and asked the two exchanges to suspend operations.
