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Line’s Crypto Exchange Nears Japan Approval

Line's Crypto Exchange Nears Japan Approval

Japan’s most popular communication app, Line, is heading towards the country’s approval to roll out its crypto exchange in the home nation. As reported by Bloomberg on 20 June 2019, the license is expected to be issued by Japan’s Financial Services Agency (FSA) within this month. If so, the operations are lined up to kick off a few weeks post the regulatory …

Japanese Agency Claims 170% Increase in Crypto-related Inquiries in 2018

Japanese Agency Claims 170% Increase in Crypto-related Inquiries in 2018

Japanese premier citizen complaint agency Consumer Affairs Agency (CAA) has reported that 2018 saw a sizeable 170% increase in queries relating to cryptocurrencies. The uptick is one of the highest in the industry in recent years signals increasing trend towards cryptocurrency investment among the general public. The CAA while working under the Japanese Cabinet Office is responsible for feedback and …

Financial Stability Board Assesses Crypto Regulations Pre-Osaka G20

Financial Stability Board Assesses Crypto Regulations Pre-Osaka G20 (3)

The Financial Stability Board (FSB) and other international financial standard setters are currently working on a variety of crypto-assets issues and risks with the next G20 just around the corner. The Swiss-based FSB released their own take on what direction to take prior to the G20 named “Crypto-assets Work underway, regulatory approaches and potential gaps.” This report highlighted some of …

Markets: Could Monacoin Become Japan’s Own Litecoin

Japanese home-grown cryptocurrency Monacoin, tagged as being the country’s first digital currency, has rocketed more than 80% in just 24 hrs, gaining plenty of market attention. With the equivalent of USD 140 million changing hands just on @bitbank_inc,  Japanese crypto traders are enthusiastic, particularly as this recent activity marks a second major spike in the cryptocurrency after a 40% leap …

Yahoo! Japan’s crypto exchange platform scheduled to launch on 30th May, 2019

Yahoo! Japan’s crypto exchange platform scheduled to launch on 30th May, 2019

Japanese backed cryptocurrency exchange company Taotao (formerly known as BitARG) is all set to take off on 30 May 2019 after almost a year of being under development. About 40% of the stake is owned by Yahoo! Japan, a joint venture between the American internet company Yahoo! and the Japanese company SoftBank. The announcement was made via the company’s official Twitter account, …

Hana Financial Partners with Sumitomo Mitsui for Blockchain Partnership

Hana Financial Group and Japan’s Sumitomo Mitsui Trust Group have recently renewed their partnership and announced a joint blockchain based project to develop new digital business. The project is aimed to expand the ties in asset and trust management, according to the Seoul-based holding company, and was announced last Friday at the time of the fifth anniversary of their partnership …

Japan’s Prime Minister Commissions Cryptocurrency Handbook

Japanese Prime Minister Shinzō Abe has commissioned a cryptocurrency governance manual which will be ready for the upcoming 28 – 29 June Japan G20 Summit. The G20 summit has been selected as an ideal launchpad for the cryptocurrency handbook given the clear need to accelerate cryptocurrency regulation amongst the contributing nations in the absence of a set international plan for …

Japan’s Financial Services Agency Hits Exchanges with Unexpected Inspections

Amidst a sudden drop in cryptocurrency prices at mid-week, Japan’s Financial Services Agency (FSA) reported that they had carried out a surprise inspection of two Japanese exchanges. Bitcoin dropped 2.25% to USD 5,409.4 by 12:46 PM ET (04:46 GMT), after rising to a one-month high at USD 5,586.3 in the mid-week. The drop-in prices pushed the crypto market cap down …

Japan Regulator Urges Improved Security for Offline Crypto Custody

Japan Regulator Urges Improved Security for Offline Crypto Custody (1)

Cryptocurrency exchanges in Japan will be required to fortify their cold wallet storages, according to a Reuters report. Citing a source with direct knowledge of the matter told, the report states that Japan’s financial regulator, the Financial Services Agency (FSA), is uneased by the current security levels of some exchanges as it perceives risks of internal thefts that threaten cold …

Chinese Miners Struggle for Easy Ride in Iran

Things aren’t turning out to be smooth for Chinese Bitcoin miners heading into Iran to profit from cheaper electricity rates. Long before China hinted it may consider halting Bitcoin mining projects, the exodus began and Iran recently became a hotspot for miners along with parts of South East Asia such as Vietnam and Cambodia. China’s National Development and Reform Commission …

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