Bitcoin News

Story: Japanese Nail Salon Mines Bitcoin With Green Energy; Korea Tightens Stablecoin Oversight

By Evie Vavasseur

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Here’s a breakdown of the top stories shaping crypto sentiment in Asia today:

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South Korea Reviews Stablecoin AML Risks. Across the Sea of Japan, South Korea’s Financial Intelligence Unit (FIU) is stepping up its crypto…

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Some of the key aspects under review include:

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Japan Open Chain Unveils Cross-Chain Token JOCX. In another major development, Japan Open Chain (JOC) — an enterprise-grade blockchain built with…

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HashKey Partners With Hong Kong Web3 Association. Meanwhile, in Hong Kong, HashKey Chain has inked a strategic partnership with the Hong Kong Web3.

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Final Thoughts. Asia’s crypto scene continues to evolve at a rapid pace.

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In a surprising yet progressive turn of events in the Asia-Pacific crypto space, a Japanese nail salon chain is making headlines not for its manicures, but for its move into…

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Japanese nail salon company Convano, listed on the Tokyo Stock Exchange, has officially started green Bitcoin mining operations.

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The company’s new mining infrastructure is powered by low-cost electricity markets and integrates renewable energy sources, demonstrating a commitment to sustainability.

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What’s more, the company is blending this mining venture with its expanding AI data center business.

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Convano has set a bold target: to mine 21,000 BTC by March 2027, aiming to average 10 BTC per month.

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The project, running through December 2025, has been allocated a 50 million won (approx. $38,000 USD) budget.

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Currently, South Korean law lacks clear definitions or oversight mechanisms for stablecoins.

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Capital reserve requirements for issuers

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Globally, countries are tightening stablecoin regulations. Japan, for instance, allows only licensed financial institutions to issue stablecoins, while the EU treats them as…

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