Welcome to the Asia Pacific Morning Brief—your essential digest of overnight crypto developments shaping regional markets and global sentiment. Grab a green tea and watch this space.
Today’s highlights include Japanese nail salon chain Convano launching sustainable Bitcoin mining operations, South Korea’s Financial Intelligence Unit conducting comprehensive stablecoin AML risk assessments, plus major cross-chain token developments.
Japan Open Chain Launches Cross-Chain Token JOCX Pegged to Native JOC
JOC token holders can now access multi-chain functionality through the newly launched JOCX cross-chain token. G.U. Technologies Global unveiled the ERC-20 token pegged 1:1 to Japan Open Chain’s native JOC. JOCX enables seamless transfers across multiple blockchain networks using LayerZero’s omnichain protocol technology.
The cross-chain token supports Ethereum, Avalanche, Base, and Arbitrum for enhanced DeFi accessibility across ecosystems. Users can burn JOCX tokens to retrieve original JOC tokens back on Japan Open Chain seamlessly. This mechanism enables direct trading with major cryptocurrencies like ETH on decentralized exchanges.
Japan Open Chain operates as a domestic EVM-compatible blockchain with fourteen major Japanese corporate validators, including Dentsu. The network provides a legally compliant blockchain infrastructure specifically designed for Japanese enterprise adoption needs.
Nail Salon Convano Launches Green Bitcoin Mining
Japanese nail salon chain Convano has officially launched data center-based green Bitcoin mining operations. The Tokyo-based company taps into low-cost electricity markets while integrating renewable energy sources. This initiative combines environmental responsibility with dynamic load control to reduce operational costs significantly.
Convano links its mining operation with expanding AI data center business for mutual infrastructure benefits. Shared expertise in cooling systems, power design, and cybersecurity enhances overall energy efficiency. This synergy accelerates technological innovation across both the cryptocurrency and artificial intelligence business units.
Convano sets an ambitious target of mining 21,000 BTC by March 2027 as its treasury strategy. The company aims to mine 10 BTC monthly while building substantial cryptocurrency reserves. This hybrid model blends mined and market-acquired Bitcoin to support financial stability goals.
South Korea’s FIU Launches Comprehensive Review of Stablecoin AML Risks
South Korea’s Financial Intelligence Unit has commissioned a comprehensive study on money laundering risks associated with stablecoins. The initiative runs through December 2025 with 50 50-million-won budget to assess AML vulnerabilities. This review aligns with global momentum toward stablecoin regulation following FATF guidance for virtual assets.
The project aims to benchmark South Korea’s AML framework against international standards, including mandatory registration requirements. Research focuses on stablecoin institutionalization in domestic payments and cross-border remittances under Phase 2 legislation. Current Korean law lacks clear stablecoin definitions, leaving issuance and circulation with largely unregulated gaps.
Global standards shaped by FATF include suspicious transaction reporting and Travel Rule implementation for transfers. The EU’s MiCA regulation classifies stablecoins as e-money tokens requiring capital reserve management from issuers. Japan restricts stablecoin issuance to regulated financial institutions while US proposals mandate federal oversight.
HashKey Chain Partners with Hong Kong Web3 Association to Standardize RWA Infrastructure
HashKey Chain signed a strategic agreement with the Hong Kong Web3.0 Standardization Association at the 2025 Anchoring Web3 Summit. The partnership aims to build a standardized framework for Real World Assets infrastructure development. Collaboration covers research, technology development, financial services, and comprehensive ecosystem building initiatives. to reduce operational costs significantly.
Shigeki Mori, Paul Kim, and Tao Zhao contributed.
The post Japanese Nail Salon Goes Green Bitcoin Mining, Korea Stablecoin AML Reviews and More appeared first on BeInCrypto.
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Shota Oba
https://beincrypto.com/japan-green-bitcoin-mining-korea-stablecoin-aml-reviews-and-more/
2025-08-08 01:50:00
