The first halving took place on April 10th. SBI holdings, a Japanese financial service who had a 4.4% of the total shares of BSV last week, now has 15.28% of the BSV shares after the first halving.
This event took place right after the BCH’s halving event on April 8. Soon there will be another halving event next month, and it will be of Bitcoin, between May 11- 13.
The CEO of SBI Holdings and Craig Wright of BSV have tight ties. Yoshitaka Kitao, who is the Chief Executive Officer (CEO) of SBI Holdings and Satoshi claimant Craig Wright, who is the leader of BSV, are great friends.
But when BSV did hard fork from Bitcoin cash in 2018, Kitao criticized the move. He thought that investors would leave after such a decision. However, as detailed on the platform of ItsCryptoNews, this decision of halving may have benefited both sides.
SBI Holdings has recently shown much interest in Digital currencies. However, their newfound interest may be threatened by the regulatory challenges in Japan. Soon there will regulation on using digital currencies in Japan, and SBI Holdings will have to prepare for the situation.
There is the Payment Services Act and the Financial Instruments and Exchange Act, which will come to effect on May 1st. These acts mainly regulate the digital currency in the country.
With the onset of these laws, it is to be seen what will happen to the future of digital currencies in Japan. Many financial services, like SBI holdings, will face the challenge of finding a way around the regulations. Moreover, with the onset of coronavirus and the withdrawal of Bitcoin reserves, the companies will have more concerns to deal with.