Japanese firm Metaplanet is set to acquire Siiibo Securities, gaining a vital license to offer Bitcoin-linked financial products to retail investors in Japan.
Metaplanet has acquired Siiibo Securities for $13 million, positioning itself to offer Bitcoin yield products to Japan's $7.4 trillion household savings.
Japanese investment firm Metaplanet is expanding its Bitcoin-centric strategy by acquiring Siiibo Securities, aiming to establish Metaplanet Securities.
Japanese firm Metaplanet has acquired Siiibo Securities for **$13.1 million** to develop new Bitcoin-linked investment offerings and expand its crypto financial ecosystem.
Japan's Lower House has reportedly approved a bill reclassifying crypto as financial instruments, potentially opening doors for ETFs and tax reforms.
Japan is poised to enact sweeping legislation by 2027, regulating cryptocurrencies like stocks to foster innovation and meet growing demand for digital assets.
Japan's three largest banks, MUFG, Mizuho, and SMBC, are collaborating to launch a joint stablecoin by March 2027, aiming to revolutionize digital finance in the nation.
Japan's top three banks, MUFG, SMBC, and Mizuho, are collaborating to launch stablecoins by March, signaling a major move into digital finance.
Japanese financial giant SBI Shinsei is pioneering a new initiative, allowing customers to earn cryptocurrency rewards directly from their bank deposits.
A Japanese parliamentary blockchain association has submitted recommendations to the finance minister, focusing on crypto exchange-traded funds and yen-backed stablecoins.
Japan's ruling Liberal Democratic Party proposes a legal framework for crypto ETF trading and yen-based stablecoins to the finance minister.
The global cryptocurrency market capitalization has exceeded $3.2 trillion, fueled by growing institutional interest and positive regulatory developments from major economies.