The Japanese government said today that inspections will take place at 15 unlicensed cryptocurrency exchanges in light of a recent major hack.
Japanese cryptocurrency exchange Coincheck has submitted a report to the country’s financial authority outlining measures it will take following the hack that lost 58 billion yen worth of the cryptocurrency NEM from its platform. However, customers rush to withdraw 40.1 billion yen of their funds so far as the exchange resumes yen withdrawal service. Also […]
Japan’s financial regulator has issued a warning to a foreign cryptocurrency service firm that allegedly offers unlicensed financial instruments.
In the wake of the second largest cryptocurrency theft ever on January, 26, which triggered painful memories of the Mt. Gox hack in 2014 Japan continues to lead the way in the Asian Bitcoin market. Japan will see tighter regulation but no ban Despite being home to the two largest cryptocurrency heists in history totaling nearly […]
The operator of Japan’s most popular chat app with approximately 168 million monthly users has announced its plans to launch a cryptocurrency exchange. Line Corporation has already begun the registration process as a crypto exchange with the country’s financial regulator. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Line Starting Crypto Business […]
Last week’s big news was how Coincheck got hacked. With hundreds of millions in funds lost, things are not looking great. The company will refund all users by using money from their own reserves, though. Moreover, the exchange now faces additional scrutiny in Japan as well. The local financial regulator ordered the company to get […]
Japan’s largest consumer electronics retailer Yamada Denki has partnered with the country’s largest cryptocurrency exchange Bitflyer to trial bitcoin payments. Initially, bitcoin will be accepted at two of Yamada Denki Labi stores in Tokyo, but the company plans to roll out the digital currency payment option nationwide in the future. Also read: Japan’s DMM Bitcoin Exchange […]
The Japanese financial regulator has approved one more cryptocurrency exchange, making it the 16th exchange to be licensed. As competition intensifies, some local exchanges are branching abroad in search for more volume and liquidity. Meanwhile, more merchants are embracing bitcoin. Also read: Russian Regulators Draft Law to Restrict Crypto Mining, Payments, and Token Sales Another Bitcoin […]
A major Japanese bitcoin exchange is looking to enter the Russian cryptocurrency market and is seeking a local partner. The exchange’s CEO says “demand is huge” and urges Russia to look at Japan as a model for cryptocurrency regulations. Also read: Sberbank Apologizes for Buying Nearly All Graphics Cards on the Russian Market Japanese Exchange Eying […]
While many people consider initial coin offerings to be high-risk investments, the rewards are often worth it for investors throughout the world. However, ICOs remain an unregulated market, and recently, Japan’s Financial Services Agency (FSA) warned of the risks posed by these crowdfunding campaigns. Price volatility and fraud potential The agency commented that the potential for fraud as […]
Following the crackdown by the Chinese government last month, bitcoin exchanges in China are looking to continue their businesses in cryptocurrency-friendly countries. Nineteen chinese companies are reportedly applying for a license to operate in Japan, while others are considering Singapore, Hong Kong, and South Korea. Also read: Japan’s GMO Plans to Sell 7nm Bitcoin Mining Boards […]
Japan’s Financial Securities Authority will commence “full surveillance” of cryptocurrency exchanges in October, according to a local news report.
The Japanese Financial Services Agency (FSA) has announced that it has received applications for registration from around 50 Bitcoin exchanges as of late-August 2017. …
The bitcoin lending service has resumed at Japanese exchange Coincheck, with the addition of eleven more cryptocurrencies that the exchange’s customers can lend out. Also read: Bitcoin to Be Accepted at 260,000 Stores in Japan by This Summer Extending Lending Service to 11 Cryptocurrencies Last month the Tokyo-based bitcoin exchange Coincheck launched a bitcoin lending […]
Companies in Japan are reportedly scrambling to register with the Japanese Financial Services Agency (FSA) to offer bitcoin products or services. They aim to attract Japanese retail investors, also known as “Mrs Watanabe”, who currently favor the $40 trillion foreign exchange margin trading market. Also read: Petition Asks SEC to Clarify Rules on Bitcoin and Digital […]