Money Forward Of Japan Prepares To Open New Crypto Exchange With BTC, ETH And BCH Pairs

2018-12-5 23:10

Japan’s Money Forward Prepares To Launch Crypto Exchange

More and more companies are trying to surf in the notoriety of Bitcoin and the other cryptos assets, so it comes as no surprise that another powerful company is now trying to open a new exchange. Money Forward, a Japanese public company which operates a personal budget app with 7 million users, is the next one in line to open a crypto exchange.

The company, which owned subsidiary of the Tokyo Stock Exchange, has announced to the media the details of its next project via an interview with news.Bitcoin.com. According to the reports, the company will initially support only three tokens: Bitcoin (BTC), Ethereum (ETH) and Bitcoin Cash (BCH).

This new initiative will use live order books and trading charts to operate and it will also offer the services of margin trading but they will not be offered at launch just yet. The name that the exchange will officially have was also not disclosed at the announcement nor at the talks with the crypto media.

According to the reports, the new exchange will be linked to the Money Forward Me service that the company already has and will be usable by the 7 million users of the company. Information like bank accounts, credit cards, fx accounts, pension points, household accounting books and securities accounts will be shared between the platform.

The original company was established in 2012 and it currently boasts a total of nine subsidiaries and seven offices across the whole country. It is based in Tokyo and offers many products despite its main apps, all of them focused on financial services and solutions. The company is listed at the Tokyo Stock Exchange since September 2017.

Money Forward has also shown some genuine interest in covering money transfers and some other payment services using cryptocurrencies in the future but the company is taking its plan one step at the time.

The Payment Services Act of Japan requires that all cryptocurrency exchanges in the country should be regulated by the FSA and registered. At the moment, 16 crypto operators have been approved and many failed, so the company is focusing on this now.

The president of Money Forward, Junichi Kanda, has affirmed that it was a relatively easy process to register with the Financial Services Authority (FSA) but that the hack of Coincheck has made everything worse as the regulator has considerably tightened its grip on how it oversees the market and the exchanges.

Despite the hard stance of the FSA, Kanda expects his exchange to be able to register itself to act in the country soon and that they will be able to launch their product at the end of March 2019. They intend to begin as soon as possible but they need the FSA to approve them first.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Safe Exchange Coin (SAFEX) на Currencies.ru

$ 0.0054306 (-0.25%)
Объем 24H $1.742k
Изменеия 24h: 1.41 %, 7d: -8.63 %
Cегодня L: $0.0053635 - H: $0.0055227
Капитализация $6.099m Rank 99999
Цена в час новости $ 0.0071429 (-23.97%)

exchange money forward company trying new open

Источник: bitcoinexchangeguide.com

exchange money → Результатов: 126


Фото:

Op Ed: From Gray To Black and White: Traditional Regulations Come to Crypto

For nearly a decade, participants in the blockchain and cryptocurrency space have operated in a regulatory compliance gray zone. Recent developments — at both the federal and international levels — signal that the time for plausible deniability or unregulated freedom is coming to an end and more traditional regulations are moving to the forefront.

2018-12-3 19:20


Cyprus Court Drops Money Laundering & Fraud Charges In Lawsuit Against Defunct BTC-e Operator

A Lawyer operating behalf of Alexander Vinnik, an alleged former operator of the now defunct cryptocurrency exchange BTC-e, has made the statement that a district court in Court within Cyprus has officially withdrawn a lawsuit which operated under the charges of “of fraud, money laundering, and other crimes.” This was reported by RIA Novosti, the state […]

2018-11-30 08:12


TradePlace ICO

TradePlace is a global cryptocurrency exchange platform. It will form a new innovative platform to trade Bitcoin, Ethereum, Litecoin, EOS and other popular cryptocurrencies and tokens. Users will receive expert analysis of the current state of coin and token pairs, and they’ll be able to withdraw their money easily and receive alerts for scam cryptocurrencies.

2018-11-25 02:33


Crypto exchange Binance advises Iranian users to withdraw their crypto amid sanctions

Crypto exchange Binance is advising its remaining users in Iran to withdraw their money as the cryptocurrency exchange seeks to comply with international sanctions. “If you have an account with Binance and fall into that (sanctions) category, please withdraw your assets from Binance as soon as possible,” – reads an email received in recent days […]

2018-11-17 16:02


Encrybit ICO

- ENCRYBIT THE RESEARCH BASED CRYPTOCURRENCY EXCHANGE Encrybit made history moments creating massive surveys in cryptocurrency market with 12k+ responses from traders among 167 countries. Encrybit exchange is thought of traders where we are merging their demands in reality developing the secured and featured enriched trading platform that does not want to compromise the emotions of traders.

2018-11-14 19:41


Фото:

Binance Freezes Funds on Multiple Accounts with Dubious Crypto Exchange

Binance has frozen multiple accounts associated with the cryptocurrency exchange Wex, citing money laundering concerns. The CEO of Binance went on Twitter recently to announce the freezing of multiple accounts owned by Wex, claiming that Binance will cooperate with law enforcement in any way possible should a criminal investigation result from alleged money laundering.

2018-11-1 01:47


Фото:

US man faces 5 years in prison for unlicensed trading of over $3.2M in Bitcoin

An American man has fessed up in front of federal court judges, pleading guilty for operating an “unlicensed money transmitting business. ” A Department of Justics (DoJ) published a press release yesterday that details how Jacob Burrell Campos has been selling “hundres of thousands of dollars in Bitcoin to over 1,000 customers” across the United States.

2018-10-30 16:22


Russia Requests Members of Financial Action Task Force (FATF) to Control Crypto Exchange and Storage

Russia Tells Financial Action Task Force To Control Crypto Circulation The Financial Action Task Force is a Paris-based intergovernmental organization that was created in 1989 with the goal of helping in the development of standards that will help in the fight of money laundering around the world. Now, a regulator from the Russian government has […]

2018-10-30 03:57


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Crypto market's weekly winners and losers – HYPE, BGB, WIF, APT

Movement, Hyperliquid, and Bitget Token were the biggest winners in the past week. Dogwifhat, Gala, and Aptos were the biggest winners from the other end of the table. In this week’s cryptThe post Crypto market's weekly winners and losers – HYPE, BGB, WIF, APT appeared first on AMBCrypto.

Ethereum whales purchase $1B worth of ETH: Market recovery ahead?

Whales bought 340,000 ETH in the last 3 days worth more than $1 billion. ETH might have completed its correction as the Long Term Trend Directions is strongly bullish. Ethereum's ([ETH] whalThe post Ethereum whales purchase $1B worth of ETH: Market recovery ahead? appeared first on AMBCrypto.

Is the Altcoin party over? Bitcoin dominance threatens alt sector!

Positioning for altcoins? These bearish signals call for caution.  The altcoin season index slipped below 50%, marking a new monthly low.  Altcoins are in massive discounts after the recenThe post Is the Altcoin party over? Bitcoin dominance threatens alt sector! appeared first on AMBCrypto.

Fantom breaks $1: Will FTM continue its bullish trend towards $1.50?

Fantom’s price surge is supported by strong network growth and key resistance targets near $1.50. Technical indicators and market sentiment highlight cautious optimism for sustained upward moThe post Fantom breaks $1: Will FTM continue its bullish trend towards $1.50? appeared first on AMBCrypto.

Why Ethereum Classic could be setting up for a 20% price jump

On-chain metrics revealed that exchanges have experienced a substantial $22.85 million worth of ETC outflow. ETC long/short ratio indicating strong bullish sentiment among traders. ETC, the The post Why Ethereum Classic could be setting up for a 20% price jump appeared first on AMBCrypto.