Bookmarking Crypto Insights
Auto Added by WPeMatico
Bitflyer has been delaying deposits and withdrawals of virtual currency in the midst of ongoing KYC verifications. The company received business improvement orders from the Japanese financial watchdog in June as a result of insufficient measures against money laundering. Bitflyer reportedly has delayed resuming business as it is thoroughly verifying its clients’ identities. Bitflyer also … Read more
Reports have confirmed that Japan has been targeted by cybercriminals using phishing, or illegal acquisition of personal information, to steal cryptocurrencies by sending fake emails to crypto exchange users. Fake emails sent in Japanese language reportedly rose to at least 1,500 by last autumn. Also Read: How Michael Richo Stole Bitcoins via Imposter Exchange Sites and … Read more
Since the infamous Bitlicense was put into effect, the ecosystem has fought for its removal. It turns out to be much harder in practice than in theory to oust a law once it’s put into effect. The good news is groups like Startup Cities are on the case. They’ve snagged a candidate for governor to … Read more
Japan’s Virtual Currency Exchange Association has lost both its vice presidents, after their exchanges received regulatory notices Go to Source Powered by WPeMatico
At press time, bitcoin has shrunk down to $6,100 – the lowest it’s been in nearly four months. All the talk of bitcoin developing newfound resistance appears to be moot; the coin remains as vulnerable as ever, and traders should brace themselves for bitcoin to strike the $5,000 range next. The problems seem to be … Read more
The Japanese regulator has issued business improvement orders to six of the country’s 16 fully-licensed crypto exchanges including Bitflyer, Quoine, and Tech Bureau. The agency confirmed to news.Bitcoin.com that at least one of the six exchanges has some form of involvement with the Yakuza. Responding to the improvement order, Bitflyer has halted new account registrations. … Read more
It has become apparent that the Japanese Financial Services Agency is closely monitoring all domestic cryptocurrency exchanges. Any wrongdoings will be pointed out quickly and the issues will need to be addressed accordingly. Various registered operations will face administrative sanctions later this week. The Japanese FSA Takes Harsh Action Ever since Japan decided to legalize … Read more
Japan’s financial watchdog to issue business improvement notices to five registered exchanges, citing a failure to provide sufficient AML measures Go to Source Powered by WPeMatico
The association comprising of 16 government-approved cryptocurrency exchanges in Japan has reportedly provided a sneak peak of its self-regulatory rules. The focuses are on banning insider trading and preventing exchanges from listing privacy coins. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Insider Trading Banned The Japan Virtual Currency Exchange Association (JVCEA) has given … Read more
The different prices of bitcoin and other cryptocurrencies between countries and exchanges have led investors to seek arbitrage opportunities, a trend noticed by financial regulators around the world. Discussions are underway at the Japanese Financial Services Agency on restricting leverage. Also read: This Village Decided to Launch Japan’s First Municipal ICO Value of Bitcoin up 10% After … Read more
