Japan's gold export surge highlights potential regulatory challenges and market distortions due to tax evasion and smuggling schemes.
The post Japan’s gold exports surge 35.6% year-over-year to record $25.5B in FY2025 appeared first on Crypto Briefing.
The post Sumitomo Mitsui Trust Partners With Hashport to Turn Card Points into JPYC Stablecoins appeared on BitcoinEthereumNews.com.
Key Takeaways Hashport and Sumitomo Mitsui Club partnered to let cardholders trade reward points for JPYC next Monday. Yoshihiro Yoshida said points tap a 2.8T yen annual market, driving stablecoin adoption across Japan. On June 1, a 50% point cashback program will launch to boost JPYC usage and exchange. Sumitomo Mitsui Trust Club and Hashport Launch Reward Point To Stablecoin Exchange Program Sumitomo Mitsui Trust Club, a financial services company, and Hashport, a non-custodial cryptocurrency wallet, have joined forces to launch a trading service for credit card reward points and stablecoins. The service, labeled as the first of its kind, will allow cardholders of Diners Club and Trust Club cards to trade their accumulated points for JPYC stablecoins, which are pegged to the value of the Japanese yen. Hashport will serve as the platform to complete the
The post Japan’s Chief Cabinet Secretary Kihara: Government remains concerned over speculative Fx moves appeared on BitcoinEthereumNews.com.
Japan’s Chief Cabinet Secretary Minoru Kihara said during the European trading session on Friday that the government is extremely concerned about speculative Forex (FX) moves and will be ready for appropriate action if needed. Additional remarks Government’s stance is always to take appropriate action on forex. Won’t comment on forex levels, intervention. The statement from Japan’s Chief Cabinet Secretary Kihara increases hopes of an intervention against excessive forex moves. Earlier in the day, Japan’s Finance Minister (FM) Satsuki Katayama warned that authorities could intervene in the foreign exchange (Forex) market to counter excessive volatility against the Japanese Yen (JPY). Market reaction No immediate response was seen in the JPY after Japan Kihara’s comments. As of writing, USD/JPY trades almost flat at around 159.30. Japanese Yen FAQs
The announcement constitutes the first initiative of its kind in Japan, allowing users to exchange their loyalty points received for JPYC, Japan’s first onchore yen stablecoin. The initiative has the potential to bring ¥2.8 trillion to the stablecoin ecosystem, powering massive adoption. Sumitomo Mitsui Trust Club and Hashport Launch Reward Point To Stablecoin Exchange Program […]
The post Japan Industrial Production (YoY) declined to 2.3% in April from previous 2.4% appeared on BitcoinEthereumNews.com.
Ethereum active addresses metric is declining again after a brief recovery, approaching levels last seen at the beginning of the month. Since mid-February, the seven-day Simple Moving Average of Active Addresses on the network has declined by roughly 50%, signaling rapidly declining onchain engagement and weakened sentiment in Ethereum even as prices remain subdued. Source: https://www.fxstreet.com/news/japan-industrial-production-yoy-declined-to-23-in-april-from-previous-24-202605282350
The integration of AI models into Japan's financial sector highlights the dual-edged nature of AI in enhancing security while posing misuse risks.
The post OpenAI supplies new cybersecurity model to Japan’s megabanks amid rising AI threats appeared first on Crypto Briefing.
The integration of AI models into Japan's financial sector highlights the dual-edged nature of AI in enhancing security while posing misuse risks.
The post OpenAI supplies new model to Japan megabanks for security appeared first on Crypto Briefing.
Japan's bridging bonds could redefine fiscal strategies, balancing investment in key sectors with debt management, impacting investor confidence.
The post Japan proposes issuing bridging bonds to fund investment schemes across 17 strategic sectors appeared first on Crypto Briefing.
