SBIVCTrade
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The DMM Bitcoin cryptocurrency exchange, after a hack in May and a loss of $300 million (4502.9 bitcoins), is ceasing operations. SBI VC Trade (a subsidiary of SBI Group) will acquire the assets and automatically transfer client accounts to its platform by March 2025. Users will not need to register again. SBI VC Trade aims to restore trust after the incident. The DMM Bitcoin hack highlights the importance of security and regulation in the cryptocurrency sector. #DMMBitcoin #SBIVCTrade
Circle's USDC receives approval for use in Japan
#SBIVCTrade , a subsidiary of #SBIHoldings , has become the first exchange in Japan to secure regulatory approval as an Electronic Payments Provider under the Japan Financial Services Agency’s new framework, enabling it to list and distribute $USDC stablecoins. Following scheduled system maintenance, the exchange plans to launch #USDC transactions with select users on March 12th.
👉 x.com/circle/status/1896790344026538245
#SBIVCTrade , a subsidiary of #SBIHoldings , has become the first exchange in Japan to secure regulatory approval as an Electronic Payments Provider under the Japan Financial Services Agency’s new framework, enabling it to list and distribute $USDC stablecoins. Following scheduled system maintenance, the exchange plans to launch #USDC transactions with select users on March 12th.
👉 x.com/circle/status/1896790344026538245
🚨🚨SBI VC trades make history in Japan!! Huge win with USDC, the only global dollar stablecoin approved there.🚀🚀 Watch $ETH closely, market momentum is strong ..#MarketRebound #SBIVCTrade
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