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The mining operation of Japan’s internet giant GMO has resulted in over 900 bitcoins and 537 bitcoin cash so far, as the company roughly doubled its hashrate last month. Meanwhile, its crypto exchange reported a first-quarter loss after the country’s financial regulator ordered it to improve. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Over … Read more
Japanese exchange Bitflyer is on a hiring spree, trying to tap talent from Wall Street. The company says coders can make $100,000, and plenty of employees earn $200,000. Besides already operating in three regions, the exchange is expanding into additional countries and adding more services. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Number … Read more
The Japanese financial regulator has imposed five new criteria for all cryptocurrency exchanges operating in the country. These rules apply to existing exchange operators as well as new ones applying for registration for the first time. On-site inspections will be conducted on all exchanges prior to approval. Also read: Yahoo! Japan Confirms Entrance Into the Crypto … Read more
Cryptocurrency is legal tender in Japan. There is active regulation in the country which makes Bitcoin and altcoins perfectly legal. That situation has been rather interesting to keep an eye on, as the law is still subject to interpretation. As of right now, the Japanese FSA aims to have cryptocurrency exchanges drop all cryptos which can be … Read more
The Japanese financial regulator has confirmed that so far eight companies have expressed the intention to withdraw their applications to operate cryptocurrency exchanges. Meanwhile, about 100 more companies are seeking to enter the market. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space FSA Confirms Eight Want Out The Japanese Financial Services Agency (FSA) held … Read more
Japan’s Financial Services Agency, tasked with monitoring the country’s cryptocurrency exchanges, has quietly been pressuring platforms to delist privacy coins. Coincheck has already done so in the wake of the $400 million NEM hack. If fellow exchanges follow suit, it could signal the beginning of the end for privacy coins such as zcash and monero … Read more
Japan’s SBI Holdings has reportedly unveiled new plans for its cryptocurrency exchange. The company has set a target launch date and is preparing to list major cryptocurrencies. The group’s CEO expects the new exchange to “be number one in the blink of an eye.” Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Revised Launch … Read more
The Japanese financial regulator has targeted another cryptocurrency exchange for improvement after an on-site inspection revealed inadequate standards. The exchange must comply and submit a written report next month. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Another Exchange Punished The Japanese Financial Services Agency (FSA) has issued another “administrative punishment order” to a … Read more
The new Japanese cryptocurrency association comprising of sixteen government-approved exchanges debuted on Monday. The group has unveiled its plans to spearhead self-regulation in order to rebuild the public’s trust in the crypto industry. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space New Japanese Association Debuts Sixteen fully-licensed cryptocurrency exchanges in Japan have formally launched … Read more
The Bank of Japan has become the latest government financial institution to recognize the risks of state-issued cryptocurrencies. According to its Deputy Governor Masayoshi Amamiya, a national digital coin may jeopardize the traditional financial system established in developed countries. The Japanese central bank has no plans to issue its own crypto, he said. Also read: … Read more