Binance, FTX plans to restart Japanese exchange; PayPal subsidiary Venmo to introduce cryptocurrency transfers; Visa to develop Brazilian blockchain-powered CBDC project; step-by-step guide to asset tokenization.

The Japanese exchange will now introduce a "License & Restart Award" Key Employee Incentive Program (KEIP) to incentivize seven critical employees.

Bankrupt crypto exchange FTX has postponed the potential sale process of its Japanese subsidiary in order to explore reopening the exchange. FTX Japan holds two coveted licenses in Japan, including the Crypto-Asset Exchange Service Provider and Type I Financial Instruments Business Operator, which typically take two or more years to obtain.

FTX Japan, the Japanese unit of bankrupt cryptocurrency exchange FTX, may be preparing to reopen after CEO John J. Ray III spoke with officials in Japan regarding the status of the exchange. The decision to possibly reopen comes after an auction to sell the exchange was extended to April 26. The court filing reveals that relevant Japanese officials have been working on guidance concerning the reopening of the exchange, and Ray has made recommendations to Japanese employees. FTX Japan has already allowed customer withdrawals, and Japan has taken steps to regulate the crypto market, including warnings to crypto exchanges regarding registration and the development of a yen stablecoin.

Dapper Labs Said To Lay Off 20% More of Its Full-Time Employees; FTX Founder Sam Bankman-Fried Hit With Four New Criminal Charges; FTX Japan Reports $50M in Withdrawals Since Feb. 21

Bankrupt crypto firm FTX’s subsidiary in Japan has reported thousands moved from the exchange since resuming withdrawals on Feb. 21.

The Japanese branch of the infamous FTX exchange announced that it has resolved problems with user withdrawals of Bitcoin (BTC) and XRP. The exchange had earlier reported security and risk control issues for users making withdrawals, promising to resume procedures once all security checks had been carried out.

The Japanese subsidiary of the embattled exchange, FTX, has finally lifted restrictions on customer withdrawals three months after it was asked by the Japanese authorities to stop. 

Bosch and Fetch.ai have jointly unveiled a new foundation focused on fueling industrial adoption of software agents, AI, and Web3 technology.

The FTX unit in Japan, a subsidiary of the failed cryptocurrency exchange of Sam Bankman-Fried, announced its decision to resume withdrawals this week to make the 1st of the FTX group to return funds to customers.