Blockchain Could Expand Central Bank Access, Says Bank of Japan

Blockchain Could Expand Central Bank Access, Says Bank of Japan

Central banks could allow access to accounts around the clock if they used blockchains or cryptocurrencies, a senior Bank of Japan official speculated last week. Speaking during a finance forum on 21st April, deputy governor Hiroshi Nakaso touched on the subject of...
Japanese City Seeks Bitcoin Donations to Preserve Historic Park

Japanese City Seeks Bitcoin Donations to Preserve Historic Park

As part of a bid to preserve a historic park, a city in Japan is reportedly raising donations in bitcoin. The city of Hirosaki, according to a report from national public broadcaster NHK, is collecting funds to maintain more than 2,000 cherry blossom trees, as well as...
Japan’s Government Develops Method for Assessing Blockchains

Japan’s Government Develops Method for Assessing Blockchains

In light of the hype and lack of clarity surrounding blockchain, one of Japan’s government ministries has developed a methodology for evaluating projects in the industry. The Ministry of Economy, Trade and Industry (METI) published details about the methodology,...
Japan Accepts Bitcoin as Legal Payment Method. What’s Next?

Japan Accepts Bitcoin as Legal Payment Method. What’s Next?

Legislation making bitcoin and virtual currencies legal currency took effect this month in Japan. The country’s Financial Services Agency released a text of the law last week. The Accounting Standards Board of Japan will create a framework to determine how the...
Japan’s Bitcoin Law Goes Into Effect Tomorrow

Japan’s Bitcoin Law Goes Into Effect Tomorrow

Japan is set to begin recognizing bitcoin as a legal method of payment starting tomorrow. The country’s legislature passed a law, following months of debate, that brought bitcoin exchanges under anti-money laundering/know-your-customer rules, while also...
MUFG, Standard Chartered Plan Blockchain Payments Launch for 2018

MUFG, Standard Chartered Plan Blockchain Payments Launch for 2018

A group of international banks is reportedly planning the launch of cross-border payment services backed by blockchain. According to Nikkei, the group – which includes Bank of Tokyo-Mitsubishi UFJ, Standard Chartered, Bank of America Merrill Lynch, Banco Santander,...
Japan Exchange Blockchain Consortium Grows to 26 Members

Japan Exchange Blockchain Consortium Grows to 26 Members

Twenty-six companies and organizations are taking part in a blockchain consortium spearheaded by the Japan Exchange Group (JPX). The capital markets infrastructure-focused project was announced last November, with the Tokyo Stock Exchange and the Osaka Exchange, in...
Translate »

Welcome To

JITLA Gold News

FREE Subscription

Tomorrows Technology Today

Email Subscription Below

You have Successfully Subscribed!