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.
– 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 detailed coverage here.