Oklahoma lawmaker proposes state-chartered crypto depository
A lawmaker in the U.S. state of Oklahoma has proposed creating a state-chartered financial institution that, if approved, would serve as "the central depository for virtual currency used by governmental agencies in this state."
Major Japanese Fintech Firm Halts Plans to Launch Crypto Exchange, Citing Bear Market
Money Forward Inc., the operator of one of Japan's most popular personal budgeting apps, has resolved to halt its plans to launch a crypto asset exchange. The development was reported by Cointelegraph Japan today, April 15.
Japan Changing Virtual Currency To “Cryptographic Assets”, Strengthening Law For The Future Of Its Digital Economy
The Japanese government has decided to make amendments to 2 acts, the Financial Instruments and Exchange Act and the Fund Settlement Act, in order to accommodate virtual currencies. This move further adds to the regulatory progress that the country is making for cryptocurrencies.