Japan’s rate hike and the crypto crash: What you need to know

An unprecedented move by the BOJ is causing a market shift. Bitcoin’s bearish sentiment supports overall crypto market decline but still not yet time to sell. Crypto is growing faster thanThe post Japan’s rate hike and the crypto crash: What you need to know appeared first on AMBCrypto.

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Green Light for Crypto: Japan Officially Allows Startups to Deliver Crypto Instead of Stocks

Japan has been loosening its tight rules on crypto, starting in business sector

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Crypto Boom in Japan? Ex-CFTC Boss Highlights Potential Revival

Former CFTC Chairman Chris Giancarlo signals potential crypto boom for Japan

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Prolonged Crypto Winter Pushes Kraken Exchange Out Of Japan

The crypto winter is a drawn-out one exacerbated by the collapse of large players such as Terra and the FTX crypto exchange. As crypto businesses continue to feel the effects of the current bear market, another major player, Kraken, has been affected to the point that it has, once again, put a pause on operations in Japan.

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US diplomats call on Japan's crypto exchanges to cut ties to Russia: Report

The FSA and Japan’s Finance Ministry previously warned crypto firms against processing transactions involving sanctioned individuals or entities, subject to fines or imprisonment.

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Pushing Russia out of crypto one country at a time: Singapore, Switzerland and Japan will join in the sanctions

Ukraine’s call on banning Russians from the crypto market was rejected by crypto exchange giants like Binance and Coinbase unless law required it. The post Pushing Russia out of crypto one country at a time: Singapore, Switzerland and Japan will join in the sanctions appeared first on CryptoSlate.

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Japan’s Financial Services Agency (FSA) Looks to Step Up Crypto Oversight: Report

Japan has always been seen as a shining light in the Asian market for crypto adoption, with favorable regulations and a pang of hunger for digital assets. However, recent events have caused many in the industry to rethink this stance, especially with the regulator now looking towards imposing stricter rules against companies in the space.

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Japan FSA Commissioner: Need to “Consider Carefully” to Make It Easier to Invest in Crypto

Japan’s Financial Services Agency Commissioner Junichi Nakajima is open-minded about the potential benefits of crypto assets but said they are currently being used primarily for speculation and investment and not as a means of transferring money.

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Crypto traders in Japan shelve altcoin trading for Bitcoin

It appears that most crypto traders in Japan have jettisoned XRP and Mona altcoins...

The post Crypto traders in Japan shelve altcoin trading for Bitcoin appeared first on Coin Journal.

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Japan’s SBI Holdings to launch crypto-based CFDs

Japan’s financial giant, SBI Holdings, has recently announced the soon launch of crypto-backed CFDs. With the crypto prices growing, the industry is attracting more attention than ever. Meanwhile, new developments are making those who come for the prices to stay for convenience and efficiency, so adding derivatives contracts for crypto could attract new customers for the company.

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Cryptocurrency News From Japan: June 14 - June 20 in Review

A new report on Japanese crypto regulation, an institutional crypto custody service, and more headlined news from Japan this past week.

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Japan Now Has 21 Approved Crypto Exchanges

Japan’s top financial regulator has approved the remaining crypto exchange that was in business prior to the regulation of the crypto industry. Exchanges in this category were allowed to continue operations while their registration applications were being reviewed.

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110 Crypto Exchanges Want to Launch in Japan – A Look at Recent Changes

Following G20 meetings, where Japan led several discussions regarding crypto assets, the country’s top financial regulator told news. Bitcoin. com that 110 crypto exchanges are now interested in launching in Japan.

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Japan Hopes to Set Global Crypto Law Benchmark With Latest Regulatory Update

Coincheck voices its concern over new crypto laws in Japan, while other exchanges claim to be excited as they await for the arrival of institutional investors

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Big Players Transforming Crypto Exchanges in Japan

Government-approved cryptocurrency trading platforms in Japan are undergoing changes with big players entering the market. News. Bitcoin. com talked to Japan’s top financial regulator to learn about the regulatory implications of the changing business models and internal systems of regulated exchanges.

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Insights On Japan’s Possible Crypto ETF Support, Will This Also Foster an Approval from the US SEC?

The high level of concern that the Japanese government through its Financial Services Agency had caused to the crypto market and not just the crypto users, investors and exchanges in Japan could not be forgotten soon around old-time crypto users after the Coincheck hack of Jan 2018, which led to a loss of more than […] The post Insights On Japan’s Possible Crypto ETF Support, Will This Also Foster an Approval from the US SEC? appeared first on ZyCrypto.

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Japan Reclassifies Crypto While Hong Kong Tightens Regulations

Two of the most crypto friendly nations on the globe have been revisiting their regulatory frameworks this week. Japan has reclassified its terminology of cryptocurrencies while over in Hong Kong regulators want more oversight on exchanges and crypto companies.

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Crypto Week In Review: China, Japan, U.S. Regulators Approve Crypto

Declining volatility in crypto markets has allowed startups, investors, and industry leaders to slow down, and postulate about the future of this nascent industry, catalyzing a series of positive developments.

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Japan Approves Self-Regulation For Its Crypto Industry

The driving question in the crypto world, which no government can agree on and which may be a large… The post Japan Approves Self-Regulation For Its Crypto Industry appeared first on Invest In Blockchain.

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Top 5 Cryptocurrency Projects from Japan

Japan has been most accepting of the blockchain technology ever since it was introduced to the general public. It has supported the citizens’ participation in the crypto sphere and recognises crypto currencies as commodities.

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Japan’s FSA Vows to Strike a Balance Between Consumer Protection and Promoting Technological Innovation

Japan is both one of the largest crypto markets in the world and one of the most crypto-friendly countries. However, the Japanese government has been increasingly vigilant on the crypto industry as a whole, an understandable stance after the country was hit with what is touted to be the largest crypto heist in history.

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Japan Has No Plans to Curb Crypto, Seeks Further Growth

Japan’s positive stance on cryptocurrencies just got reaffirmed. “We have no intention to curb (the crypto industry) excessively,” said Toshihide Endo, the commissioner of Financial Services Agency (FSA), Japan’s top financial regulator.

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Japanese Association Seeks Authority to Enforce Self-Regulation on Crypto Exchanges

Japanese crypto exchanges may soon have an official self-regulatory body. The Japan Virtual Currency Exchange Association has applied with the country’s financial regulator to become the authority for self-regulation, with the power to enforce rules on its crypto exchange members.

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Japan’s LINE Plans to Launch Crypto Exchange in July, Excludes Japanese, US Traders

Japan’s LINE Corp. announces new crypto exchange BITBOX, which has a ‘tentative’ launch date next month

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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.

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Controversial New Changes Are Being Planned For Japan’s Crypto Taxation

Japan’s Minister of Finance thinks that it is doubtful the public would accept a change in the taxation of cryptocurrency transactions, Cointelegraph Japan reports today, June 25. During the same meeting, Aso noted that the position of cryptocurrency in the international financial sector is uncertain. He also spoke of the importance of the development of

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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

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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

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China’s New Crypto Rankings – EOS First, Ethereum Second, Bitcoin Drops to 17th

The ranking of cryptocurrency projects by the Chinese government has been revised with two new crypto projects added. EOS tops the overall list of 30 crypto projects; Ethereum fell to second place while Bitcoin dropped to 17th place.

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Bursting of baby boomer bubble will be a boon for crypto millennials

How demographics, a mass of retirees, house prices and 1990s Japan all present a massive tailwind for the cryptocurrency markets as millennials come into their peak earning years.

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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.

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Baby boomers’ bust will be a boon for crypto millennials

How demographics, a mass of retirees, house prices and 1990s Japan all present a massive tailwind for the cryptocurrency markets as millennials come into their peak earning years.

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Indio Crypto exchanged get ready for RBI Ban

Regulation As the start of the crypto banking ban by the Reserve Bank of India approaches, cryptocurrency exchanges in the country are preparing to stop fiat deposits and withdrawals while boosting crypto-to-crypto trading.

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US Secret Service Asks Congress for Help to Prevent Illicit Use of Privacy Coins

The US Secret Service is worried about the illicit use of cryptocurrencies. A high-ranking official of the agency has urged Congress to consider additional legislation to address anonymity-enhanced cryptocurrencies and services intended to obscure transactions on blockchains such as tumblers or mixers.

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Crytpo Markets Drop During Week of FUD From Asian Sector

The crypto markets are continuing to take a tumble today, June 23, following slew of FUD-like news from the crypto sector in South Korea and Japan. Bitcoin (BTC) is edging closer to $6,000, trading for around $6,105 at press time, down less than 1 percent over a 24 hour period. Bitcoin price chart. Source: Cointelegraph

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Japanese Financial Services Agency Increase Clampdown

The Japanese Financial Services Agency (FSA) the team behind the new exchange regulation movement, are allegedly imposing further restrictions on a number of exchanges within Japan, who are failing to meet up with their new, strict regulations.

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Quebec electricity price hike: Crypto miners must pay up to 3 times the current rate

Japan Confirms Entrance Into the Crypto Space Price Hike for Crypto Miners Quebec, a province in eastern Canada, offers one of the lowest power rates in North America. Quebec has been trying to attract crypto miners with its inexpensive electricity and cold winters, as news.

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Quebec Hikes Electricity Price: Crypto Miners to Pay up to 3 Times Current Rate

The Canadian province of Quebec has reportedly decided to charge cryptocurrency miners up to roughly three times the current price after they flooded utility Hydro-Quebec with requests for mining operations.

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Bithumb reduces shrink-Agrees to reimburse customers

Exchanges South Korean exchange Bithumb has lowered its theft estimate from the original amount after undergoing some of the recovery process. The exchange promises to fully repay customers using its own fund even though its insurance is unlikely to cover the loss.

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Bitcoin Drops to Within 2018 Low Close to $6,000

Bitcoin fell to within touching distance of the $6,000 mark on Friday, a figure not seen since February, following improvement orders from Japan’s Financial Services Agency (FSA) to six of the country’s crypto exchanges.

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Bithumb Lowers Theft Estimate – Will Fully Repay Customers Despite Deficient Insurance

South Korean exchange Bithumb has lowered its theft estimate from the original amount after undergoing some of the recovery process. The exchange promises to fully repay customers using its own fund even though its insurance is unlikely to cover the loss.

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Japanese police make first arrests for crypto mining hijacks

Japan’s National Police Agency makes its presence felt as the popularity of cryptocurrency in Japan continues to grow

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Nihon’s Financial Watchdog Orders AML change at 6 Crypto Exchanges

Japan’s financial watchdog has issued business improvement orders to six licensed cryptocurrency exchanges following on-site inspections conducted over recent months. As a result, bitFlyer has announced that it has temporarily stopped accepting new customers in order to reexamine the IDs of “certain customers.

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Japan seizes Crypto transactions – Yakusa’s commitment has been confirmed

The agency confirmed to news.Bitcoin.com that at least one of the six exchanges has some form of involvement with the Yakuza. Japan Confirms Entrance Into the Crypto Space Punishing 6 Regulated Exchanges Japan’s top financial regulator, the Financial Services Agency (FSA), issued six new business improvement orders on Friday, June 22. The orders to Bitflyer,

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Japan Hits 6 More Crypto Exchanges With ‘Business Improvement Orders’

Japan’s FSA demands six big exchanges improve AML/KYC setup

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Japan’s FSA Requires Improvements from bitFlyer, 5 Other Exchanges

Japan’s financial regulator has sent business improvement orders to six local crypto exchanges after finding several problems with their security systems.

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Japan Penalizes Crypto Exchanges – Yakuza Involvement Confirmed

The Japanese regulator has issued business improvement orders to six of the country’s 16 fully-licensed crypto exchanges including Bitflyer, Quoine, and Tech Bureau. The agency confirmed to news.

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Japan’s Biggest Crypto Exchange Halts New Account Signups As Regulators Demand Improvements

Japanese cryptocurrency exchange BitFlyer suspended new account registrations on June 21, after regulators demanded it improves its security arrangements. BitFlyer Hit With AML/KYC Cleanup A tweet and statement confirmed the move, which officials implemented as part of a Business Improvement Order from Japan’s Financial Services Authority (FSA).

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Japan's Financial Watchdog Orders AML Shake-Up at 6 Crypto Exchanges

Japan's Financial Services Agency has issued business improvement orders to six licensed crypto exchanges operating in the country.

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