Japan

Binance Bags First License in East Asia Through Acquisition of Japan’s Sakura

Cryptocurrency exchange Binance announced it has acquired 100% of Sakura Exchange BitCoin (SEBC), a Japanese crypto exchange service provider. Terms of the transaction was not disclosed. Through this acquisition, Binance enters the Japanese market, as a Japan Financial Services Agency

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Tokyo and New York Bourses Sign Agreement to Support Cross-Border Investment

Tokyo Stock Exchange (TSE) and the New York Stock Exchange (NYSE) announced a new agreement to support cross-border investment between the U.S. and Japan during Japanese Prime Minister Fumio Kishida’s visit to the NYSE. The agreement focuses on three key

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Animoca Brands Japan Raises US$45 Million From Parent Firm and MUFG

Animoca Brands’ Japanese subsidiary announced that it has raised a total of US$45 million to increase the value and utility of its branded content while fostering the development of a safe and secure NFT ecosystem in the country. The investment

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Alex Clavel Appointed as CEO of SoftBank Group International

Japanese multinational conglomerate SoftBank announced that Alex Clavel has been appointed as Chief Executive Officer of SBGI effective June 30, 2022. Clavel is currently the Managing Partner at SoftBank Group International (SBGI) and will succeed Michel Combes, who has decided

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LINE Launches NFT Marketplace in Japan

LVC Corporation, the operator of LINE’s crypto asset and blockchain businesses, announced that it has launched a non-fungible token (NFT) marketplace available only in Japan called LINE NFT. From today onwards, the marketplace will offer around 40,000 NFT products for

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PayPal Makes Japanese BNPL Play With Paidy Acquisition for US$2.7 Billion

PayPal announced that it has agreed to acquire Paidy, a Japanese buy now pay later solutions (BNPL), for ¥300 billion (approximately US$2.7 billion) and the transaction is expected to close in the fourth quarter of 2021. The acquisition will expand

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Coinbase Inks Deal With MUFG To Set Up a Crypto Exchange in Japan

US cryptocurrency exchange Coinbase has signed a deal with banking giant Mitsubishi UFJ Financial Group (MUFG) to begin digital asset trading in Japan. “Our partnership with MUFG will help millions of people in Japan access our platform quickly and begin

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Hong Kong’s EMQ Increases Remittance Transaction Value in Japan

EMQ, Hong Kong-based financial settlement network, announced the launch of its high transaction value cross-border settlements in Japan. This launch will enable global businesses to send a maximum of JPY30 million directly into local banks. This enhancement further expands their

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In Japan, COVID-19 Puts a Brake on Merchant Cashless Payments Adoption

The COVID-19 pandemic and the resulting economic turmoil have put a brake on merchant adoption of cashless payments, according to a new report by S&P Global Market Intelligence. The Japanese government launched a cashless incentive program last year to sustain

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Stripe Opens Tokyo Office After Deepening Partnership with JCB

Stripe, the online payment infrastructure provider powering the likes Amazon, Facebook, Shopify, Zoom, Slack today announced opening of an engineering office in Tokyo, which will focus on building more features and capabilities to meet the specific needs of Japanese businesses.

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