Top Japanese Investor: Cryptocurrencies Key to Financial Revolution
Veteran Japanese VC Kazutaka Muraguchi says cryptocurrencies are the key to a "worldwide financial revolution", following his firm's ¥100m ($828,000) investment in Japan's latest crypto exchange. Speaking to CoinDesk, the Nippon Technology Venture Partners (NTVP) general partner said he jumped at the opportunity to invest in Osaka-based platform Zaif as he had been interested in currency innovation for 15 years. The exchange, run by Tech Bureau, lets users trade in Japanese yen, bitcoin and monacoin, a cat-themed cryptocurrency. It could become the hub that "connects Japan to the global....
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Asian showbiz stars have been actively speaking about cryptocurrencies on major broadcasting networks. The Japanese pop sphere is not lagging behind, as one of its stars was featured in an interview talking about cryptos. Former Nogizaka46 Band Member Already Sold Her Crypto Holdings Nakada Kana, a former founding member of the Oricon chart-topping girl group Nogizaka46, spoke about her ventures as a crypto investor during a show aired by TBS, a major Japanese TV channel. Nakada Kana. In the interview on “Sunday Japon,” Kana revealed that she already sold some of her crypto....
Coinbase is now registered as a cryptocurrency exchange to operate in Japan. The Japanese financial regulator has approved Coinbase to trade five cryptocurrencies. Japan’s top financial regulator, the Financial Services Agency (FSA), announced last week that it has registered Coinbase as a crypto exchange service provider based on the revised Fund Settlement Act. According to the FSA, Coinbase is approved to trade bitcoin (BTC), bitcoin cash (BCH), ether (ETH), stellar lumen (XLM), and litecoin (LTC). The approved entity is a Japanese subsidiary of Coinbase Global, a Nasdaq-listed....
Being part of the stock market is not as fun right now as it was a few years ago. Every day, a new financial disaster seems to be waiting just around the corner. After the trouble started brewing in China a few months ago, the Japanese stock market is the next one to plunge. The reason for this is simple: government bonds are going negative for the first time. At the same time, Bitcoin is looking more and more appealing as a way to diversify portfolios. Japanese Stock Market Takes A Big Hit. In this day and age, being involved in the financial sector with one’s money doesn’t make for a....
The Wall Street Journal reports that Japan’s second-largest bank Sumitomo Mitsui Financial Group (SMFG) is eager to enter the fintech space. Japan has been playing catch-up with other nations who are quickly embracing the financial technology revolution. It was only recently that the Japanese government and regulators allowed the bitcoin exchanges to be registered. Until now, the government had been lackadaisical in foraying into the fintech space, which includes bitcoin and its technology blockchain. Speaking to WSJ, Koichi Miyata, President at the bank said that the group is keen to make....
Financial services investor, J.Christopher Flowers says that many bitcoin startups offering financial services will soon fail. The bitcoin community is hopeful for the digital currency to become the currency of choice across the world one day. However, it may not happen anytime soon. To start with, bitcoin has a long way to go both in terms of its adoption or the technical development. Even if it looks a bit farfetched, it will eventually get there. An old school financial services investor, J. Christopher Flowers has a different take on it. According to him, the fintech revolution what we....