Japan Looks to Stop Sanctioned Russian Entities From Transferring Crypto Assets

Japan Looks to Stop Sanctioned Russian Entities From Transferring Crypto AssetsAs financial authorities around the world continue to target sanctioned Russian entities, regulators in Japan along with the country’s crypto association are attempting to find and close gaps that may be used to circumvent sanctions. The two bodies, however, have said they are not discussing the plan to block all Russians. Calls to Block Russian […]

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Crypto Derivatives Exchange Bybit to Introduce Stringent KYC Policy

Crypto Derivatives Exchange Bybit to Introduce Stringent KYC PolicyThe British Virgin Islands-based Bybit Fintech Limited has announced the cryptocurrency derivatives exchange is introducing an updated know-your-customer (KYC) policy on July 12. Bybit notes that it already had certain KYC requirements implemented, but the new system reform is meant to “improve security compliance for all traders.” Bybit Says Companies and Individual Clients Mandated to […]

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Japan’s Top Financial Watchdog Sends a Warning Crypto Derivatives Exchange Bybit

Japan's Top Financial Watchdog Sends a Warning Crypto Derivatives Exchange BybitThe Japanese government’s Financial Services Agency (FSA) has issued a warning to the crypto derivatives exchange Bybit claiming that the trading platform is allowing residents of Japan access to the exchange. The news follows the Bank of Japan Governor Haruhiko Kuroda criticizing digital currencies for speculation. Japan’s FSA Warns Bybit Fintech Limited Japan’s top regulator […]

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Bitcoin ETFs in Japan: FSA Explains New Rules for Funds Investing in Cryptos

Bitcoin ETFs in Japan: FSA Explains New Rules for Funds Investing in CryptosJapan’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 […]

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Consumer Affairs Report Shows 70% Spike in Japanese Crypto Inquiries

Consumer Affairs Report Shows Crypto-Related Inquiries Spike in Japan by 70%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 […]

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Japan Approves Self-Regulation of Cryptocurrency Exchanges

Japanese Cryptocurrency Industry to Self-Regulate After Government ApprovalOn 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. […]

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Japan Introduces New Screening Requirements for Crypto Exchanges

Japan Introduces New Screening Requirements for Crypto ExchangesJapan’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

Rakuten Acquires Crypto Exchange to Fast-Track Into the Japanese MarketJapanese 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 […]

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160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals

160 Crypto Exchanges Seek to Enter Japanese Market, Regulator RevealsJapan’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 […]

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Japan Roundup: No Excessive Crypto Regulation, Quoine Launches New Platform

Japan Roundup: No Excessive Crypto Regulation, Quoine Launches New PlatformJapan’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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