Gumi, a Japanese mobile gaming company, has partnered with Square Enix and SBI Holdings to build new business opportunities around the metaverse. The deal, which also includes the issuance of new stock valued at $52.7 million dollars, will allow the company to acquire financial and content creation experience. Gumi Raises $52.7 Million in Metaverse-Driven Alliance…
The potential legal status of the Japanese Financial Service Agency’s recommendation is not clear as the current legislation is silent on algorithmic stablecoins. After passing its landmark legislation on stablecoins in June, Japanese regulators are considering complementing it by restricting the algorithmic backing of stablecoins. The intention comes as a recommendation from the Financial Service…
Japan Credit Bureau announced it will start the “JCBDC“ pilot project to test contactless credit-card based settlement solutions for general use retail CBDC despite the central banks’ cancellation of its CBDC project. Japan Credit Bureau (JCB) said will Oct. 24 that it will commence the JCBDC pilot project to test credit-card-based settlement solutions for central bank digital…
From regulation to taxation, Japan has been hostile to cryptocurrency gaming. That stance is threatening the country’s position as a global leader in gaming A marked hostility toward new and emerging Web3 technologies like cryptocurrencies runs the risk of costing Japan its place as the world’s gaming capital. We’re getting dangerously close to the point…