In a fresh development, Japanese regulators are now stepping up efforts to regulate digital currencies, especially stablecoins. In exclusive coverage, Reuters reports that the Japanese government is closely watching the sharp growth of the crypto market and remains worried about its impact on the country’s financial system. Tokyo wants to engage with global financial regulators
In a fresh development, Japanese regulators are now stepping up efforts to regulate digital currencies, especially stablecoins. In exclusive coverage, Reuters reports that the Japanese government is closely watching the sharp growth of the crypto market and remains worried about its impact on the country’s financial system. Tokyo wants to engage with global financial regulators
Japan will have more clarity on its CBDC product digital Yen, by the end of next year. According to a lawmaker who is overseeing the ruling party’s digital currency plan, the CBDC development may potentially be the beginning of a turf war between traditional lenders and online platform operators. Bank of Japan will be moving
Japan will have more clarity on its CBDC product digital Yen, by the end of next year. According to a lawmaker who is overseeing the ruling party’s digital currency plan, the CBDC development may potentially be the beginning of a turf war between traditional lenders and online platform operators. Bank of Japan will be moving
Changpeng Zhao, Binance CEO tweeted today, how the crypto exchange giant believes in solving problems over engaging in debates or fights. However, none of Binance problems are close to a solution, instead, the arena of trouble has been expanding for Binance. The number of nations that have issued some form of regulatory warning for Binance
Changpeng Zhao, Binance CEO tweeted today, how the crypto exchange giant believes in solving problems over engaging in debates or fights. However, none of Binance problems are close to a solution, instead, the arena of trouble has been expanding for Binance. The number of nations that have issued some form of regulatory warning for Binance
Coinbase ($COIN), one of the largest crypto exchanges based out of New York is all set to enter the Japanese crypto market after getting approval from the country’s top regulatory watchdog Financial Sevice Agency (FSA). The FSA registered Coinbase as a crypto exchange under the revised Fund Settlement Act. The Nasdaq listed crypto exchange would
Coinbase ($COIN), one of the largest crypto exchanges based out of New York is all set to enter the Japanese crypto market after getting approval from the country’s top regulatory watchdog Financial Sevice Agency (FSA). The FSA registered Coinbase as a crypto exchange under the revised Fund Settlement Act. The Nasdaq listed crypto exchange would
Coming Friday, February 12, finance ministers of the G7 nations will be having a virtual meeting for the first ministerial talks for 2021. Japanese Finance Minister Taro Aso has recently requested all G7 finance ministers to have an in-depth discussion on central bank digital currencies (CBDCs). During a recent press conference, Aso called the need
Coming Friday, February 12, finance ministers of the G7 nations will be having a virtual meeting for the first ministerial talks for 2021. Japanese Finance Minister Taro Aso has recently requested all G7 finance ministers to have an in-depth discussion on central bank digital currencies (CBDCs). During a recent press conference, Aso called the need
Two recent announcements from the U.S. government on the improvement of trade with the European Union and its economic rival, China, are faring well for the stocks market. However, it seems to be causing a downturn in Gold and Bitcoin. Worries around inflation are also not bading well for the ‘safe haven’ assets. The U.S.
Two recent announcements from the U.S. government on the improvement of trade with the European Union and its economic rival, China, are faring well for the stocks market. However, it seems to be causing a downturn in Gold and Bitcoin. Worries around inflation are also not bading well for the ‘safe haven’ assets. The U.S.
Several believe that regulations could hinder innovations and growth, a top Japanese regulator suggests otherwise. While stressing on the importance of regulations, he elaborates on the development of the Japanese CBDC. Central Bank Digital Currencies [CBDC] is the latest concept of interest in several countries. China has undoubtedly taken a lead in this as the
Several believe that regulations could hinder innovations and growth, a top Japanese regulator suggests otherwise. While stressing on the importance of regulations, he elaborates on the development of the Japanese CBDC. Central Bank Digital Currencies [CBDC] is the latest concept of interest in several countries. China has undoubtedly taken a lead in this as the
At the recent Japanese Financial Affairs Committee meeting that was carried out on 2 June 2020, the Finance Minister of Japan, Taro Aso, stated that he would not urge to lower the rate of tax on cryptocurrencies to 20 percent in the country. Aso cited the complexity of digital asset investment for many households for
At the recent Japanese Financial Affairs Committee meeting that was carried out on 2 June 2020, the Finance Minister of Japan, Taro Aso, stated that he would not urge to lower the rate of tax on cryptocurrencies to 20 percent in the country. Aso cited the complexity of digital asset investment for many households for
BitMex will bar Japanese traders from its platform. In a notice released some few minutes ago, the Seychelles-based cryptocurrency derivatives platform said effective April 30, new traders from Japan will be barred from creating accounts while registered clients won’t be able to place new orders from May 1. This is in response to a new
BitMex will bar Japanese traders from its platform. In a notice released some few minutes ago, the Seychelles-based cryptocurrency derivatives platform said effective April 30, new traders from Japan will be barred from creating accounts while registered clients won’t be able to place new orders from May 1. This is in response to a new
Binance is launching it’s crypto exchange in Korea, Binance KR, whose functionalities will be attached to the global exchange. Japanese regulators have given a green signal to Okex for a launch in the country. Binance is set to launch in South-Korea after the acquisition of BxB Inc., the fintech company behind KRWb, as an extension of
Binance is launching it’s crypto exchange in Korea, Binance KR, whose functionalities will be attached to the global exchange. Japanese regulators have given a green signal to Okex for a launch in the country. Binance is set to launch in South-Korea after the acquisition of BxB Inc., the fintech company behind KRWb, as an extension of
China is expected to release the much talked about digital Yuan in 2020. This will be it’s greatest attempt to rival the U.S dollar for world economic dominance. A group of Japan lawmakers are however not happy about this and are calling for this to be tabled at the next G7 meeting. Japan itself is
China is expected to release the much talked about digital Yuan in 2020. This will be it’s greatest attempt to rival the U.S dollar for world economic dominance. A group of Japan lawmakers are however not happy about this and are calling for this to be tabled at the next G7 meeting. Japan itself is
Nic Carter, a Partner Castle Island Ventures and co-founder of Coinmetrics.io, brought into light a report of cryptocurrency holdings of Japanese Exchanges. The report presents the monthly holdings data on Japanese crypto exchanges since December 2018. The number of reported users vs. active users has a discrepancy of about 1.1 million. He tweeted, update: apparently theres
Nic Carter, a Partner Castle Island Ventures and co-founder of Coinmetrics.io, brought into light a report of cryptocurrency holdings of Japanese Exchanges. The report presents the monthly holdings data on Japanese crypto exchanges since December 2018. The number of reported users vs. active users has a discrepancy of about 1.1 million. He tweeted, update: apparently theres
Tokyo based cryptocurrency exchange, BitFlyer is set to improve and ease cryptocurrency trading on its platform by launching its mobile application. The new app will be available to customers across Europe and the United States, providing them with a regulated environment to trade cryptocurrencies. Traders can buy and sell crypto using the US Dollar, Euro
Tokyo based cryptocurrency exchange, BitFlyer is set to improve and ease cryptocurrency trading on its platform by launching its mobile application. The new app will be available to customers across Europe and the United States, providing them with a regulated environment to trade cryptocurrencies. Traders can buy and sell crypto using the US Dollar, Euro
In a bid to encourage mass adoption of bitcoin and bring the cryptocurrency to mainstream users, Japanese crypto exchange, Coincheck has launched a bitcoin reward system that will enable consumers in Tokyo to earn bitcoin incentives by paying gas bills using the cryptocurrency at a discount. Gas Users Will Get Bitcoin Incentives This arrangement comes
In a bid to encourage mass adoption of bitcoin and bring the cryptocurrency to mainstream users, Japanese crypto exchange, Coincheck has launched a bitcoin reward system that will enable consumers in Tokyo to earn bitcoin incentives by paying gas bills using the cryptocurrency at a discount. Gas Users Will Get Bitcoin Incentives This arrangement comes
A recent report from the Japanese financial regulator, Financial Services Agency (FSA) has revealed that that the number of inquiries concerning virtual currencies has dropped from 574 in Q1 2019 to 494 in Q2 2019. Is this data indicative of the fact that the hype around cryptocurrencies in declining in one of the most crypto-friendly
A recent report from the Japanese financial regulator, Financial Services Agency (FSA) has revealed that that the number of inquiries concerning virtual currencies has dropped from 574 in Q1 2019 to 494 in Q2 2019. Is this data indicative of the fact that the hype around cryptocurrencies in declining in one of the most crypto-friendly
Tokyo-based virtual currency exchange, Coincheck Co., Ltd. has announced its commencement of funding support project for projects wanting to raise funds through offerings. The exchange which has its head office in Tokyo, Japan made this announcement through its Tokyo representative director, Toshihiko Katsuya who made it known that the exchange has begun to consider a
Tokyo-based virtual currency exchange, Coincheck Co., Ltd. has announced its commencement of funding support project for projects wanting to raise funds through offerings. The exchange which has its head office in Tokyo, Japan made this announcement through its Tokyo representative director, Toshihiko Katsuya who made it known that the exchange has begun to consider a
Controversial Japanese bitcoin exchange, BitFlyer has recently opened up a new bitcoin trading service for EU (European Union) market with no fees. The exchange suspended account opening for its Japanese clients following country regulator’s skepticism on its Anti-Money laundering and know-your-customer procedures back in June 2018. FCA/Financial Service Agency had earlier sent notices to a
Controversial Japanese bitcoin exchange, BitFlyer has recently opened up a new bitcoin trading service for EU (European Union) market with no fees. The exchange suspended account opening for its Japanese clients following country regulator’s skepticism on its Anti-Money laundering and know-your-customer procedures back in June 2018. FCA/Financial Service Agency had earlier sent notices to a
According to an insider familiar with the matter on Thursday, the Japanese government is leading innovation to build a payment network for cryptocurrencies similar to SWIFT used by banks. This news comes in an effort of the Japanese government to fight financial crimes and money laundering. According to the report, these are issues resulting from
According to an insider familiar with the matter on Thursday, the Japanese government is leading innovation to build a payment network for cryptocurrencies similar to SWIFT used by banks. This news comes in an effort of the Japanese government to fight financial crimes and money laundering. According to the report, these are issues resulting from
Global regulators are raising their concern over Libra’s impact on the financial industry. Following the US’s concern, Japan is also seeking to conduct an in-depth study on the Libra and the possible impact as well as affect it can create over the financial industry. Japan and Facebook’s Libra According to the latest report, Japan’s top
Global regulators are raising their concern over Libra’s impact on the financial industry. Following the US’s concern, Japan is also seeking to conduct an in-depth study on the Libra and the possible impact as well as affect it can create over the financial industry. Japan and Facebook’s Libra According to the latest report, Japan’s top
Japan has experienced another cryptocurrency exchange hacking this year, perhaps the first of the year’s second half. This time, a licensed Japanese cryptocurrency exchange, Bitpoint reported Friday to have been hacked of some crypto assets totaling around $32 million dollars. According to report received in the early hours of Friday, Bitpoint halted all exchange operations
Japan has experienced another cryptocurrency exchange hacking this year, perhaps the first of the year’s second half. This time, a licensed Japanese cryptocurrency exchange, Bitpoint reported Friday to have been hacked of some crypto assets totaling around $32 million dollars. According to report received in the early hours of Friday, Bitpoint halted all exchange operations
