Toshihide Endo was commissioner of the Financial Services Agency (FSA) from 2018 to 2020.
SBI's support of XRP is a sign of the digital token's continued strong fan base in Japan.
The brokerage's venture into cryptocurrency has increased the company's quarter-on-quarter growth threefold.
SBI's founder and CEO Yoshitaka Kitao said his firm would turn the planned crypto venture into a core source of profitability.
The G7 meeting on Friday is a virtual meeting and will be the first since U.S. President Joe Biden was sworn into office on Jan. 20.
Users of SBI's cryptocurrency exchange can lend XRP for a return of 0.1% per annum.
The world is watching U.S. markets with great interest, and more than a little FOMO, as Reddit investors continue to test their might against Wall Street. It all started when retail investors on the Reddit community wallstreetbets began pumping the price of U.S. video game retailer GameStop’s (GME) stock to counter Wall Street hedge funds […]
The exchange reportedly planned by SBI and SMFG is expected to be the first of its kind in Japan.
The individuals are accused of trading cryptocurrency stolen during the $560 million exchange hack in 2018.
Unlike the U.S., Japan considers XRP to be a cryptocurrency, not a security.
ENJ has been given the official nod by the Japan Virtual Currency Exchange Association, a self-regulatory body.
The regulator's stance contrasts with that of the U.S. Securities and Exchange Commission.
Japan is gearing up to launch a digital currency in both the public and private sectors as it trails China, which is in the trial stage of launching its own. Read more: Digital Yen Would Make Crypto Markets ‘More Lively,’ Says CEO of Monex Group
The integration with Securitize will enable users of the "sbiwallet" to sell, issue and manage tokenized securities directly within the app.
Mt. Gox’s trustee Nobuaki Kobayashi has at last filed a draft plan for the rehabilitation of creditors including former users.