Law and LegislationNEWS

Japan Appoints Blockchain-Supportive New Minister of Science and Tech

NEWS Blockchain Political

New Minister

Takuya Hirai – has been appointed by Japan’s prime minister as the new Minister of Science and IT/Technology during a period when the country is turning its focus even more towards blockchain spreading around various sectors.

The crypto-verse is welcoming the decision as the new minister had quite a saying in the past when it comes to conclusions related to the legislation of cryptocurrencies while being a promoter of new tech, in this case blockchain.

A government supported studying team was requested by the FSA – Financial Services Agency [the financial regulator of Japan] to offer furth rules and proposals for Initial Coin Offerings’ adoption. The group’s General Advisor was Takuya Hirai.

Japan Latest

– SBI Ripple Asia, a Joint-venture based in Tokyo, Japan has launched its blockchain based money remittance app. The app called MoneyTap can make real-time, no-cost domestic transfers using Ripple’s xCurrent payment solution. More in details covered here.

– The blockchain industry in Japan having a rough history of exchanges hacks, money laundering cases and so on, made leading startups within the Asian country to lessen the possibility of the above to happen by establishing a self-regulating consortium. The group is named: the Japan Virtual Exchange Association, or JVCEA for short.

Read Here: 

Japanese Crypto Consortium Tightens Rules Following Zaif, CoinCheck Hacks

Alex Tomzack
About author

Alex Tomzack is a crypto-enthusiast and has been fascinated since first hearing about it. Loves technology, writing, culture while being a regular trader and holder of digital assets. Email: [email protected]
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