Law Decoded, May 30–June 6: Terra’s aftermath in China, Japan and South Korea
Last week brought some notable reactions to the stablecoin’s depegging in the East Asia region.
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New Japanese law may allow seizure of stolen crypto
Under the current variation of the law, there is no explicit procedure outlined for law enforcement officers to seize illegally obtained crypto from crime organizations.
Caribbean Islands, Dubai, Mumbai — Bitcoin Cash Adoption Continues to Swell Worldwide
Bitcoin cash supporters are known for spreading adoption over the years and 2022 is no different. This year, the peer-to-peer cryptocurrency bitcoin cash has seen significant adoption throughout the islands…
Japan Adopts Legislation Establishing Legal Framework for Stablecoins
The parliament of Japan has approved a draft law tailored to regulate stablecoins in the country and protect investors. The new legislation is among the first to be introduced after…
Japan’s New Stablecoin Bill Sets a High Bar for Investor Protections
Japans parliament has passed legislation clarifying the legal status of stablecoins. The new bill also mandates that any entity providing stable crypto assets must guarantee holders the right to redeem...
FTX Launches in Japan as Others Tighten The Reins
The world’s second-largest crypto exchange by trade volume, FTX, is in expansion mode, while many others feel the pinch as the crypto winter deepens. On June 2, FTX announced that…
Japan passes bill to limit stablecoin issuance to banks and trust companies
The Japanese government is rushing to enforce new stablecoin laws in the aftermath of the Terra collapse.
Crypto.com gets nod in Dubai and FTX launches in Japan
Crypto.com will have further requirements before its full license is granted in the “near-term” and FTX said the move would allow it to work “directly with Japanese regulators.”
Study Shows the United States Is Home to 41% of the NFT Companies Worldwide
According to a study called “A World of NFT Adoption” published by nftclub.com, the United States has the most non-fungible token (NFT) company headquarters in the world. While the U.S.…
Sumitomo Mitsui Trust to Establlish a Crypto Firm Targeting Instiutional Clients
Sumitomo Mitsui Trust – one of the largest asset managers in Asia – will tap Tokyo-based crypto exchange Bitbank to set up a company offering digital asset services to institutional…
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