Japanese authorities aren’t hesitating in hunting down anyone considered a crypto tax evader. A court in Ishikawa has sentenced one of them, a 56-year-old man that will spend one year in prison, plus pay a $200,000 fine. Sentenced Man Didn’t Disclose His BTC Trading Activity of the Period 2017-2018 According to Chunichi, a judge at […]
Powered by WPeMatico
]]>
Major changes are happening in the cryptocurrency space in Japan as new cryptocurrency regulation enters into force today. Among notable changes are the regulation of crypto custody service providers and crypto derivatives businesses. Japan has 23 regulated crypto exchanges; unregulated platforms have modified their terms of service affecting Japanese residents. Japan Adopts New Way to […]
The post Japan Implements Significant Changes to Cryptocurrency Regulation Today appeared first on Bitcoin News.
Powered by WPeMatico
]]>
Despite the global coronavirus pandemic, Japan continues to approve more cryptocurrency exchanges to legally operate in the country. The latest one was approved on Monday, bringing the total number of legal crypto exchanges in Japan to 23. Also read: 2x Bitcoin — Wanna Double Your BTC to the Moon? Forget About It First Approved Crypto […]
The post 23 Approved Cryptocurrency Exchanges in Japan — Number Rises Amid Pandemic appeared first on Bitcoin News.
Powered by WPeMatico
]]>
Japanese mainstream media outlet Nikkei reported earlier this week that criminal charges could be filed against Binance if it failed to halt its Japan operations. Binance CEO Changpeng Zhao swiftly responded to the report, stating that it was “irresponsible journalism.” On March 22, Nikkei reported that the Japanese Financial Services Agency (FSA) had warned Binance about its operations in Japan and asked the cryptocurrency exchange to stop providing its service to investors based in Japan. Nikkei’s initial report read, “Criminal charges to be filed if Binance fails to halt Japan operations.” However, Zhao revealed that the Binance team had been communicating with Japanese financial
Powered by WPeMatico
]]>