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Japan

A collection of 5 posts

Japan Rejects Satoshi Proposal for National Strategic Bitcoin Reserve

Japan Rejects Satoshi Proposal for National Strategic Bitcoin Reserve

In a clear and decisive stance, the Japanese government has declared its disinterest in adopting Bitcoin as part of its foreign exchange reserves. This announcement, comes as a response to queries by Senator Satoshi Hamada, a member of the Party to Protect the People from NHK. The government, through its

Japanese Lawmaker Named Satoshi Advocates for a National Strategic Bitcoin Reserve

Japanese Lawmaker Named Satoshi Advocates for a National Strategic Bitcoin Reserve

In an interesting twist, Japanese lawmaker named Satoshi Hamada, a member of Japan's House of Councillors, has proposed the establishment of a national strategic Bitcoin reserve. This proposal, submitted on December 11 to Japan's National Diet, marks a significant step in the country's approach

DMM Bitcoin Exchange Closes Down After $300 Million Hack Impact

DMM Bitcoin Exchange Closes Down After $300 Million Hack Impact

In a significant turn of events for the cryptocurrency sector in Japan, DMM Bitcoin exchange, once a prominent player, has announced it will terminate its operations by March 2025. This decision comes in the wake of a devastating hack that saw the theft of 4,502.9 BTC, valued at

SoftBank Injects $1.5 Billion Dollars into Artificial Intelligence

Artificial Intelligence

SoftBank Injects $1.5 Billion Dollars into Artificial Intelligence

SoftBank, the Tokyo-based multinational investment giant, has taken a bold step into the future of artificial intelligence by investing $1.5 billion into OpenAI. This significant financial commitment not only marks a pivotal moment for SoftBank but also for the AI community at large. The deal allows OpenAI employees to

Japan's Financial Watchdog Warns Bybit, KuCoin, and Other Exchanges Over Regulatory Violations

Japan's Financial Watchdog Warns Bybit, KuCoin, and Other Exchanges Over Regulatory Violations

Japan's Financial Services Agency (FSA) has taken a firm stance against five major overseas cryptocurrency exchanges for operating within the country's borders without the necessary registration. The exchanges in question include Bybit Fintech Limited, KuCoin, MEXC Global, Bitget Limited, and Bitcastle LLC. This move by the