As China cracked down on crypto exchanges and South Korea threatened to do the same, Japan stood out as a crypto-friendly nation.
In 2017, Japan declared Bitcoin to be a legal form of payment and now has 16 licensed cryptocurrency exchanges.
I would walk through Shibuya and pass a billboard with a model posing seductively with a huge Bitcoin, as well as stores announcing that they accepted Bitcoin and Ether.
As of March, Japan may have had over three million crypto traders, mostly in their 20s, 30s and 40s.
“There are 16 licensed exchanges in Japan now, but it seems none of them are allowed to sell ICOs,” he said.
The Japan Financial Services Agency (FSA) has warned four cryptocurrency exchanges — including ByBit, BitGet, MEXC Global, and Bitforex — to cease offering service to country residents until they obtain the right licenses.
Japan and Portugal announce approval of new cryptocurrency exchanges in the nations. Portugal has approved two exchanges so far, while Japan has allowed Coinbase to function within the country. Japan Approves Coinbase Coinbase can finally start operations in Japan as the country’s top financial regulator has approved the organization within the nation. As of this […]
Despite the global coronavirus pandemic, Japan continues to approve more cryptocurrency exchanges to legally operate in the country. The latest one was approved on Monday, bringing the total number of legal crypto exchanges in Japan to 23.
The United States and Japan have ranked as the top two countries contributing traffic to cryptocurrency exchanges. According to research compiled by The Block and published on May 31, the US and Japan account for.
On Wednesday, Oct. 19, Japan’s Financial Services Agency granted the cryptocurrency industry the authority to self-regulate. The approval means that the Japan Virtual Currency Exchange Association, a coalition of several registered digital currency exchanges, can now set rules for operational requirements, consumer protection, prevention of money laundering and employee ethics.
Japan's Finance Regulators Grants Self-Regulatory Status to Local Crypto Exchanges Japan's Financial Services Agency (FSA) on 24th October, gave the crypto industry self-regulatory status, permitting the Japan Virtual Currency Exchange Association to police and sanction exchanges for any violations.
Bitcoin businesses were booming in Japan — especially exchanges — but there came a turning point. This prompted Japanese authorities to finally step in and begin a path of strong and rigid regulation on cryptocurrency exchanges across the nation.
Japan’s financial regulator has sent business improvement orders to six local crypto exchanges after finding several problems with their security systems.
]In a fresh new twist, the Reserve Bank of India (RBI) has admitted to issuing its ban on cryptocurrency-related accounts spontaneously, without taking time to study and understand how cryptocurrencies work.
A major South Korean exchange, Upbit, has paid six people for reporting fraudulent crypto-related schemes. Japan Confirms Entrance Into the Crypto Space Upbit Paid Users for Reporting Fraud One of South Korea’s largest cryptocurrency exchanges, the Kakao Corp-backed Upbit, has paid six individuals for reporting fraudulent crypto-related schemes. The exchange implemented a bounty system in
South Korean cryptocurrency exchange Coinrail reported a hack on its website during the early morning hours of June 10, 2018. The thieves allegedly made off with over $40 million worth of altcoins and assorted tokens.
Following reports of six publicly listed companies launching their own cryptocurrency exchanges in Japan, three other firms listed on the Tokyo Stock Exchange have announced plans to enter the space with various crypto offerings.
South Korea’s financial watchdog has committed to issuing clear rules for institutional crypto investment, with a phased rollout starting in April. South Korea‘s Financial Services Commission is moving forward with plans to allow institutional investors into the crypto market, with…
South Korea’s central bank is reportedly set to launch a real transaction test for its central bank digital currency this month, involving 100,000 consumers and seven banks. South Korea is set to begin real-world testing of its CBDC in March,…
ELX crypto surged by as high as 68% in the past 24 hours of trading ahead of a listing on South Korean crypto exchange Bithumb. According to data from CoinGecko, Elixir’s (ELX) rallied to an all-time high of $0.726 on…
South Korea’s Financial Intelligence Unit wants to strengthen anti-money laundering measures, specifically by enhancing ways to monitor crypto transactions. On March 5, the FIU revealed a number of strategies to prevent money laundering at the AML Inspection Trustee Council, according…
The Seoul Southern District Prosecutors’ Office has launched a formal joint investigation unit that exclusively tackles crypto-related crimes and fraud cases. According to a report by Aju News, the department is named the Seoul Southern District Prosecutors’ Office-run Joint Investigation…
Police in Jeju, South Korea, are investigating the murder of a Chinese national believed to have been killed during a cryptocurrency transaction. Jeju West Police Station announced that four Chinese nationals—two women and two men, including one in his 60s…
South Korea plans to gradually allow corporations to begin trading crypto, according to the latest announcement by the Financial Services Commission. On Feb. 13, the SFC released a press release in which it outlined a phased lift on a ban…