Japan’s Financial Regulator Says Stablecoins Are Not Cryptocurrencies

The lack of uniformity in stablecoins has led Japan’s Financial Services Agency (FSA) to conclude that stablecoins are not cryptocurrency. Not All Digital Assets Are Created Equal Japan’s Financial Services Agency (FSA) recently announced that it does not believe stablecoins should be classified in the same category as cryptocurrencies. According to Japan’s Payment Services Act […]

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In Japan, Exchange Operators Shore up Investor Protections After Thefts

The Japan Virtual Currency Exchange Association says it will tighten investor protection stipulations after a wave of hacks on digital currency exchanges. Citing informed sources, the Japan Times reported the Japan Virtual Currency Exchange Association (JVCEA) has agreed to revise certain self-imposed rules to keep investors safe in the wake of hacks. The JVCEA is […]

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Japan’s Internet Giant GMO Abandons Bitcoin Cash Mining

Japanese internet giant GMO has switched its entire mining capacity from Bitcoin Cash (BCH) to Bitcoin (BTC) as of July 2018. GMO Mines 568 Bitcoin Blocks In July A copy of the company’s monthly mining report uploaded to social media by cryptocurrency business investor Trace Meyer confirms that in July, GMO mined 568 Bitcoin blocks […]

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Bitbank and BitFlyer CEOs Abandon Their VP Positions at Japan’s Cryptocurrency Self-Regulatory Body

Bitbank and BitFlyer CEOs left their vice-president positions at the Japan Virtual Currency Exchange Association (JVCEA) after their exchanges received regulatory warnings from the country’s Financial Services Agency (FSA). Abandon Ship About a week after Japan’s FSA, issued business improvement orders to six Japanese cryptocurrency exchanges, two of the vice presidents of the country’s JVCEA […]

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International Watchdog to Introduce Binding Regulations for Cryptocurrency Exchanges

Georgi Georgiev · June 14, 2018 · 1:00 am The Financial Action Task Force (FATF) – a multi-national agency tasked with combating global financial criminal activity, will discuss developing and introducing legally binding rules for governing cryptocurrency exchanges later this month. Reuters reports that the Paris-based agency – comprised of 37 countries – will meet […]

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HitBTC Plans To Allow Japanese Trading Via ‘Subsidiary’ By Q3 2018

Wilma Woo · June 4, 2018 · 5:00 pm Cryptocurrency exchange HitBTC is pushing ahead with plans to establish a Japanese subsidiary after banning accounts allegedly linked with the country. Japanese Traders Shut Out For ‘Compliance’ HitBTC announced yesterday via the company’s official blog that it was already “actively hiring for the local office” with […]

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Japanese Crypto Exchanges Launch Self-Regulatory Body

Nick Omo · April 25, 2018 · 2:00 pm The 16 registered cryptocurrency exchange services in Japan have come together to form the Japan Cryptocurrency Exchange Association (JCEA). This is according to a report by Asahi Shimbun, a local news outlet in Japan. The JCEA will be responsible for the self-regulation of Japanese cryptocurrency exchange […]

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Bitcoin Price Falls As Markets React To (False) Japan Binance Threat [UPDATED]

Wilma Woo · March 22, 2018 · 7:30 am Bitcoin fell $500 in hours to hit two-day lows March 22 after news broke Japanese regulators may ban the world’s largest cryptocurrency exchange, Binance. Co-Founder Ye Not Concerned UPDATE: Binance CEO Changpeng Zhao has responded to the news on Twitter stating that the source showed “irresponsible […]

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Cryptocurrency Makes Up Only 0.17% of All Money Laundering Cases in Japan

Adam James · February 23, 2018 · 6:00 pm Cryptocurrency opponents have long argued that digital currencies are tools for money launderers. If the National Police Agency in Japan is to be believed, that may indeed be the case — though it’s not as prevalent as one might think. Minimal money laundering According to reports, […]

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