Japan’s Exchanges Regulatory Turning Point: How and Why Authorities Wrested Control
Japan — once seen as a crypto-liberal haven — now has some of the most stringent and decisive regulations for exchanges Go to Source Powered by WPeMatico
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Six Japanese Crypto Exchanges Respond to Regulator’s Improvement Orders
Six fully-licensed Japanese cryptocurrency exchanges have responded to the business improvement orders issued by the country’s top financial regulator. Two executives have also resigned from their positions as vice presidents of the recently formed crypto exchange association. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Japan’s top financial regulator, the Financial Services Agency (FSA), … Read more
Japan Wants to Scrap Its Progressive Crypto Tax Rate
Cryptocurrency traders in Japan currently can be taxed as high as 55% on their profits. However, the country’s Deputy Prime Minister, Taro Aso, wants to change how crypto transactions are taxed, from a progressive rate to a uniform rate. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Aso Wants to Change Crypto Taxation The Japanese … Read more
Japan’s Finance Minister Wants to Change Crypto Taxation, Doubts Public Acceptance
Japan’s Minister of Finance suggests changing crypto tax group to “separate self-assessment taxation,” but thinks public may not think it is fair Go to Source Powered by WPeMatico
Japan: VPs of Crypto Self-Regulatory Body Quit After Receiving Exchange Compliance Orders
Japan’s Virtual Currency Exchange Association has lost both its vice presidents, after their exchanges received regulatory notices Go to Source Powered by WPeMatico
Coinhive Users Speak Up After Being Investigated by Japanese Police
The Japanese Police have been cracking down on users of remote mining software apps, such as Coinhive, without their website visitors’ consent. After being investigated and having their property impounded, users are speaking up about the unfairness of the investigation. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Problems with the Investigations and Arrests … Read more
CNBC’s Brian Kelly: Current Bear Trend ‘By No Means’ Funeral for Bitcoin
Bitcoin analyst Brian Kelly points out three major reasons why the current bear market is not a reason to hold a funeral for the cryptocurrency Go to Source Powered by WPeMatico
Crypto Markets Fall Further Amidst Week of FUD From Asian Sector
Crypto market slumps further despite positive news of an end to the Mt. Gox Bitcoin sell offs Go to Source Powered by WPeMatico
Markets Update: Cryptocurrency Prices Tumble Before the Weekend
Cryptocurrency markets are slumping today as most digital asset markets are seeing losses between 8-20 percent over the past 24-hours. Lots of speculators are attributing the dump to the recent measures taken by Japan’s Financial Services Agency (FSA), asking cryptocurrency exchanges like Bitflyer to make improvements to the Japanese trading platforms’ anti-money laundering practices. Also … Read more
Bitcoin Price Watch: Currency Sinks to New Low
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