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Category: Financial Services Agency
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Crypto Derivatives Exchange Bybit to Introduce Stringent KYC Policy
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Japan’s Top Financial Watchdog Sends a Warning Crypto Derivatives Exchange Bybit
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Bitcoin ETFs in Japan: FSA Explains New Rules for Funds Investing in Cryptos
Japan’s top financial regulator, the Financial Services Agency (FSA), has explained to news.Bitcoin.com its recently adopted rules regarding the creation and sale of cryptocurrency exchange-traded funds (ETFs). Meanwhile, Japan now has a crypto index, launched by major Japanese companies. Also read: US Government Auctioning off Bitcoins Worth $37 Million in 2 Weeks Crypto-Focused Funds With […]
The post Bitcoin ETFs in Japan: FSA Explains New Rules for Funds Investing in Cryptos appeared first on Bitcoin News.
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Consumer Affairs Report Shows 70% Spike in Japanese Crypto Inquiries
Japan’s Consumer Affairs Agency (CAA) has released its 2019 report and noted a significant spike in inquiries concerning cryptocurrency related issues last year. The report details a 70% increase in 2018 in regard to consumer queries largely stemming from exchange issues. Moreover, over the last two quarters of 2019, the Japanese yen paired with various […]
The post Consumer Affairs Report Shows 70% Spike in Japanese Crypto Inquiries appeared first on Bitcoin News.
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Japan Approves Self-Regulation of Cryptocurrency Exchanges
On Wednesday, Oct. 19, Japan’s Financial Services Agency granted the cryptocurrency industry the authority to self-regulate. The approval means that the Japan Virtual Currency Exchange Association, a coalition of several registered digital currency exchanges, can now set rules for operational requirements, consumer protection, prevention of money laundering and employee ethics. The association will also enforce compliance. […]
The post Japan Approves Self-Regulation of Cryptocurrency Exchanges appeared first on Bitcoin News.
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Japan Introduces New Screening Requirements for Crypto Exchanges
Japan’s financial regulator has reportedly introduced new screening requirements for crypto exchanges seeking approval to operate in the country. The agency now extends its focus beyond the registrants’ financial health and system safety measures. Among additional criteria are the assessment of the companies’ decision-making process and their links to antisocial groups. Also read: 160 Crypto Exchanges Seek […]
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Rakuten Acquires Crypto Exchange to Fast-Track Into the Japanese Market
Japanese mega e-commerce and internet company Rakuten Inc. is entering the crypto space. Instead of submitting a new application to the country’s financial regulator, Rakuten is acquiring an existing crypto exchange to fast-track into the Japanese crypto market. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Rakuten to Operate Crypto Exchange Rakuten Inc. announced […]
The post Rakuten Acquires Crypto Exchange to Fast-Track Into the Japanese Market appeared first on Bitcoin News.
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160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals
Japan’s top financial regulator has revealed exclusively to news.Bitcoin.com the number of crypto exchanges seeking to enter the Japanese market. The agency also confirms the number of existing exchanges that have exited the industry, leaving only three applications currently being reviewed. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Three Quasi-Operators Are Left Cryptocurrency […]
The post 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals appeared first on Bitcoin News.
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Japan Roundup: No Excessive Crypto Regulation, Quoine Launches New Platform
Japan’s top financial regulator says it does not intend to excessively curb the crypto industry. Licensed Japanese crypto exchange Quoine is launching a new platform with “enhanced price matching and deeper liquidity.” Meanwhile, a new association has been established for crypto practitioners. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Quoine Launches New Platform […]
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