A total of nine cryptocurrency exchanges in Japan have suspended their operations so far. This includes the latest two, one of which was sanctioned by the Japanese financial regulator on Wednesday while the other voluntarily withdrew its license application. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Blue Dream Japan The Japanese […]
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The Japanese Financial Services Agency (FSA) has been investigating a variety of cryptocurrency trading platforms to make sure they are following Japan’s digital currency regulatory policy. Just recently the FSA published a report stemming from their investigations that reveals a lot of statistics about how many cryptocurrency traders reside in Japan, and other types of […]
The Financial Services Authority of Japan has imposed penalties on three cryptocurrency exchanges following inspections of trading platforms in the country. Two of them have been ordered to suspend operations. Officials are not satisfied with the measures implemented to prevent money laundering and systemic risks. Also read: CEO of Korean Exchange Coinnest among Four […]
The half billion dollar Coincheck exchange hack is still working its way through the ecosystem, carrying implications of all sorts. Rarely mentioned is how, at least in part, the exchange’s problems were due to a lack of crypto engineers in Japan. A dearth of engineering know-how is a perfect recipe for security gaps to be […]
The team behind the troubled Japanese cryptocurrency exchange Coincheck has decided to sell the company to one of the largest securities trading companies in the country. Monex will provide much needed capital but will decapitate the exchange and replace its head with a more trusted figure from among its own. Also Read: Japanese Police […]
The cryptocurrency exchange subsidiary of the Japanese internet giant GMO has detailed its plans to improve its operations. GMO Coin has submitted a business improvement report to the country’s financial regulator. GMO Internet has also set up an information security audit office for the entire group. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With […]
Five cryptocurrency exchanges in Japan are closing after their operators reportedly withdrew their applications with the Japanese financial regulator to operate crypto exchanges. They are in the process of returning clients’ cash and crypto holdings. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Five Exchanges Cease Operations Five cryptocurrency exchange operators in […]
Misinformation has become all too common in the world of cryptocurrency over the past few months. This industry has increasingly attracted a lot of new users who tend to spread half-truths and wrong details. In the case of Binance, the company is not facing specific scrutiny from the Japanese government, despite what some media outlets may claim. The Binance Plot Thickens Over the past few days, we have seen quite a few reports claiming that the Binance exchange is in troubled waters. More specifically, rumor has it that the exchange is under investigation by Japan’s FSA and may be forced to shut its doors in the
The Nikkei Asian Review has reported that Japan’s financial regulator, the Financial Services Agency (FSA), has warned leading cryptocurrency exchange Binance that it will face criminal charges if it continues its Japanese operations without a license. Binance’s chief executive officer has described the report as “irresponsible,” stating that the exchange is engaging in “constructive” dialogue” […]
Bitcoin’s price incurred a slight fall during today’s early morning hours. After trading at just under $9,000 for most of yesterday, bitcoin is down to around $8,600 at press time. There appear to be several reasons for the drop. The first comes by way of the U.K. Authorities are laying out plans to implement a task force designed to assist in governing cryptocurrency usage to better understand the risks involved. The group will likely involve the Bank of England, the Financial Conduct Authority and the treasury. For the most part, the U.K. has remained primarily skeptical of digital assets. While