Japan's regulatory revision paves the way for stablecoin issuance, fostering the transition to a Web3 economy.
SBI Shinsei Bank will provide banking services to Circle as part of their collaboration.
Bloomberg
SBI
Holdings, Inc. located in Tokyo has officially entered into a Memorandum of
Understanding (MOU) with Circle Internet Financial, which has headquarters in Boston,
Massachusetts. This collaboration aims to facilitate the circulation of USDC
stablecoins, establish a banking relationship, and promote the use of Circle's
Web3 Services within Japan.
SBI
Group Adopts Circle's Web3 Services
The
Japanese government, recognizing the significance of the digital asset economy,
revised the Payment Services Act on June 3, 2023. This revision has established
regulations for stablecoins, anticipating a boost in the issuance and
circulation of stablecoins in Japan, consequently advancing the country's
transition towards a Web3 economy.
Under
the Revised Payment Services Act, "collateralized" stablecoins are
recognized, and Circle's USDC has distinguished itself by being fully backed by
highly liquid cash and cash-equivalent assets. Notably, USDC has maintained a 1-to-1
peg with US dollars and is redeemable accordingly. The USDC reserves are held
separately from Circle's operational funds in financial institutions.
Jeremy Allaire, CEO and co-founder, Circle, Source: LinkedIn
The
MOU signifies that SBI Group and Circle collaborate on promoting the
circulation of USDC and expanding the usage of stablecoins in Japan. Both
entities have pledged to adhere to stablecoin-related regulations, ensuring communication
with relevant authorities. SBI VC Trade is actively seeking registration as an
electronic payment instruments service to facilitate the circulation of USDC
within Japan, subject to approval by authorities.
In
addition to the collaboration on stablecoin circulation, SBI Shinsei Bank,
Limited will extend banking services to Circle. This partnership aims to
provide Japan-based businesses and users with access to USDC and enhanced
liquidity. As part of SBI Group's digital asset portfolio strategy, Circle's
Web3 Services solutions, including the Programmable Wallet, blockchain
infrastructure, and smart contract management tools, will be adopted.
Jeremy
Allaire, the CEO and Co-Founder of Circle, expressed enthusiasm about the
partnership with SBI Holdings, emphasizing the shared vision for the future of
digital currency. Yoshitaka Kitao, the Representative Director, Chairman, President, and CEO of SBI Holdings, echoed this sentiment, highlighting the alliance's
role in setting new standards in the Japanese financial sector. Kitao
underscored SBI Group's commitment to exploring new financial possibilities
through the extensive adoption of stablecoins.
Circle and SBI
Holdings are joining forces to boost $USDC
circulation and transform the financial landscape in Japan with $USDC
and Web3 Services! This partnership signifies a major leap in digital
asset innovation and a strategic expansion for $USDC
in Asia.
Finance Magnates reported that SBI
Holdings has expanded its presence in the digital currency space through
the acquisition of the local crypto exchange TaoTao. SBI Liquidity Market, the
group's foreign exchange and derivatives arm, has acquired a 100 percent stake
in TaoTao. The terms and financial details of the deal were not disclosed.
TaoTao, licensed by the Financial Services Agency, launched its digital
exchange operations in 2019, providing trading services for several top digital
currencies.
This acquisition, the second
licensed cryptocurrency exchange for SBI, alongside SBI VCTRADE,
is expected to strengthen SBI's position in the crypto market and enhance its
existing business. The move comes after TaoTao's reported failed partnership
with Binance. SBI's retail Forex platform is additionally offering contracts for difference
(CFD) instruments with Bitcoin, Ripple, and Ethereum, and the group invested
$30 million in crypto liquidity provider B2C2.
SBI
Holdings, Inc. located in Tokyo has officially entered into a Memorandum of
Understanding (MOU) with Circle Internet Financial, which has headquarters in Boston,
Massachusetts. This collaboration aims to facilitate the circulation of USDC
stablecoins, establish a banking relationship, and promote the use of Circle's
Web3 Services within Japan.
SBI
Group Adopts Circle's Web3 Services
The
Japanese government, recognizing the significance of the digital asset economy,
revised the Payment Services Act on June 3, 2023. This revision has established
regulations for stablecoins, anticipating a boost in the issuance and
circulation of stablecoins in Japan, consequently advancing the country's
transition towards a Web3 economy.
Under
the Revised Payment Services Act, "collateralized" stablecoins are
recognized, and Circle's USDC has distinguished itself by being fully backed by
highly liquid cash and cash-equivalent assets. Notably, USDC has maintained a 1-to-1
peg with US dollars and is redeemable accordingly. The USDC reserves are held
separately from Circle's operational funds in financial institutions.
Jeremy Allaire, CEO and co-founder, Circle, Source: LinkedIn
The
MOU signifies that SBI Group and Circle collaborate on promoting the
circulation of USDC and expanding the usage of stablecoins in Japan. Both
entities have pledged to adhere to stablecoin-related regulations, ensuring communication
with relevant authorities. SBI VC Trade is actively seeking registration as an
electronic payment instruments service to facilitate the circulation of USDC
within Japan, subject to approval by authorities.
In
addition to the collaboration on stablecoin circulation, SBI Shinsei Bank,
Limited will extend banking services to Circle. This partnership aims to
provide Japan-based businesses and users with access to USDC and enhanced
liquidity. As part of SBI Group's digital asset portfolio strategy, Circle's
Web3 Services solutions, including the Programmable Wallet, blockchain
infrastructure, and smart contract management tools, will be adopted.
Jeremy
Allaire, the CEO and Co-Founder of Circle, expressed enthusiasm about the
partnership with SBI Holdings, emphasizing the shared vision for the future of
digital currency. Yoshitaka Kitao, the Representative Director, Chairman, President, and CEO of SBI Holdings, echoed this sentiment, highlighting the alliance's
role in setting new standards in the Japanese financial sector. Kitao
underscored SBI Group's commitment to exploring new financial possibilities
through the extensive adoption of stablecoins.
Circle and SBI
Holdings are joining forces to boost $USDC
circulation and transform the financial landscape in Japan with $USDC
and Web3 Services! This partnership signifies a major leap in digital
asset innovation and a strategic expansion for $USDC
in Asia.
Finance Magnates reported that SBI
Holdings has expanded its presence in the digital currency space through
the acquisition of the local crypto exchange TaoTao. SBI Liquidity Market, the
group's foreign exchange and derivatives arm, has acquired a 100 percent stake
in TaoTao. The terms and financial details of the deal were not disclosed.
TaoTao, licensed by the Financial Services Agency, launched its digital
exchange operations in 2019, providing trading services for several top digital
currencies.
This acquisition, the second
licensed cryptocurrency exchange for SBI, alongside SBI VCTRADE,
is expected to strengthen SBI's position in the crypto market and enhance its
existing business. The move comes after TaoTao's reported failed partnership
with Binance. SBI's retail Forex platform is additionally offering contracts for difference
(CFD) instruments with Bitcoin, Ripple, and Ethereum, and the group invested
$30 million in crypto liquidity provider B2C2.
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
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🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
How does the Finance Magnates newsroom handle sensitive updates that may affect a brand?
How does the Finance Magnates newsroom handle sensitive updates that may affect a brand?
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the approach: reaching out before publication, hearing all sides, and making careful, case-by-case decisions with balance and responsibility.
⚖ Balanced reporting
📞 Right of response
📰 Responsible journalism
#FinanceMagnates #FinancialJournalism #ResponsibleReporting #FinanceNews #EditorialStandards
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the approach: reaching out before publication, hearing all sides, and making careful, case-by-case decisions with balance and responsibility.
⚖ Balanced reporting
📞 Right of response
📰 Responsible journalism
#FinanceMagnates #FinancialJournalism #ResponsibleReporting #FinanceNews #EditorialStandards
Executive Interview | Kieran Duff | Head of UK Growth & Business Development, Darwinex | FMLS:25
Executive Interview | Kieran Duff | Head of UK Growth & Business Development, Darwinex | FMLS:25
Here is our conversation with Kieran Duff, who brings a rare dual view of the market as both a broker and a trader at Darwinex.
We begin with his take on the Summit and then turn to broker growth. Kieran shares one quick, practical tip brokers can use right now to improve performance. We also cover the rising spotlight on prop trading and whether it is good or bad for the trading industry.
Kieran explains where Darwinex sits on the CFDs-broker-meets-funding spectrum, and how the model differs from the typical setups seen across the market.
We finish with a look at how he uses AI in his daily workflow — both inside the brokerage and in his own trading.
Here is our conversation with Kieran Duff, who brings a rare dual view of the market as both a broker and a trader at Darwinex.
We begin with his take on the Summit and then turn to broker growth. Kieran shares one quick, practical tip brokers can use right now to improve performance. We also cover the rising spotlight on prop trading and whether it is good or bad for the trading industry.
Kieran explains where Darwinex sits on the CFDs-broker-meets-funding spectrum, and how the model differs from the typical setups seen across the market.
We finish with a look at how he uses AI in his daily workflow — both inside the brokerage and in his own trading.
Why does trust matter in financial news? #TrustedNews #FinanceNews #CapitalMarkets
Why does trust matter in financial news? #TrustedNews #FinanceNews #CapitalMarkets
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, in a world flooded with information, the difference lies in rigorous cross-checking, human scrutiny, and a commitment to publishing only factual, trustworthy reporting.
📰 Verified reporting
🔎 Human-led scrutiny
✅ Facts over noise
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, in a world flooded with information, the difference lies in rigorous cross-checking, human scrutiny, and a commitment to publishing only factual, trustworthy reporting.
📰 Verified reporting
🔎 Human-led scrutiny
✅ Facts over noise
