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According to the National Police Agency (NPA) in Japan, North Korean hackers from the crime syndicate Lazarus Group have been targeting crypto companies in the country. Local reports detail that it’s the fifth time the NPA has tied “public attribution” to the organization of North Korean cyber criminals. Japan’s Law Enforcement and Financial Regulator Warn … Read more
Self-reg entity JVCEA has reportedly received stern warnings to get its act together, as Japan’s Financial Services Agency pushes for the organization to speed up its AML regulation rollout. Go to Source Powered by WPeMatico
If passed, the rules reform could make it easier for domestic exchanges to list more crypto without needing to go through a long screening process. Go to Source Powered by WPeMatico
Cryptocurrency exchange FTX has announced the acquisition of Liquid, which operates a regulated Japanese exchange, Quoine. The two companies “expect to work together to provide products and liquidity to clients in the Japanese and global markets.” FTX Acquiring Liquid to Provide Services to Japanese Customers Crypto exchange FTX is entering the Japanese crypto market. FTX … Read more
Japan’s top financial regulator, the Financial Services Agency (FSA), is reportedly planning to propose legislation to restrict stablecoin issuance to banks and wire transfer companies. Crypto service providers involved in stablecoin transactions, including wallets, will also be brought under the financial regulator’s oversight. Japan to Tighten Stablecoin Regulation Japan’s Financial Services Agency (FSA) is planning … Read more
The move comes as the Bank of Japan wants to roll out a digital yen CBDC by the end of next year. Go to Source Powered by WPeMatico
Seung-beom Koh said that fintech experts across the globe “find it difficult to see virtual currencies as a financial asset.” Go to Source Powered by WPeMatico
The new regulation will be designed to provide better protection to Japanese investors. Go to Source Powered by WPeMatico
Japan’s newly appointed Financial Services Agency Commissioner Junichi Nakajima believes Bitcoin is a quick way to transfer cash, but people use BTC for speculation and investment. Go to Source Powered by WPeMatico
The 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 … Read more