Posts in category

Japan


Japan’s Financial Services Agency (FSA) will conduct on-site inspections of 15 cryptocurrency exchanges that are currently awaiting registration in the aftermath of the Coincheck hack, the local news outlet The Japan Times wrote today, Feb. 16. Japan-based crypto exchange Coincheck was hacked on Jan. 26 and around $530 mln in altcoin NEM was stolen. As …

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Japan’s two cryptocurrency industry groups will reportedly merge to form a legally-sanctioned self-regulatory body following talks held Thursday, Feb. 15. The Japan Blockchain Association (JBA) and Japan Cryptocurrency Business Association (JCBA) should become a singular entity from April 1, mainstream media suggest. The move follows demands from regulators that only one body make legal decisions, …

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The Japanese government said today that inspections will take place at 15 unlicensed cryptocurrency exchanges in light of a recent major hack. According to the Japan Times, the country’s financial services minister Taro Aso said at a news briefing that on-site inspections will take place at the exchange providers that have filed for licenses but …

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Japan’s financial watchdog has stepped up its efforts to scrutinize foreign cryptocurrency services that target Japanese investors without a license. According to an official warning published by the Japan’s Finance Service Agency (FSA) on Feb. 13, the regulator said a Macau-based cryptocurrency service firm named Blockchain Laboratory headed by Jay Liu has been offering unregistered …

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South Korea is considering adopting an approval system for crypto exchanges based on New York’s BitLicense system, local news outlet BusinessKorea reports. BusinessKorea writes that it is unlikely any final decision will be made until after the June 2018 elections in the country. A government official spoke to them about the option as part of …

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All eyes are on Japanese cryptocurrency exchange Coincheck in the aftermath of what has become the biggest hack in virtual currency history – eclipsing the Mt. Gox hack of 2014. According to Reuters, Coincheck delivered its report to Japan’s Financial Services Agency (FSA) on Tuesday, Feb. 13 on the hack in January which saw more …

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Ten cryptocurrency traders will file a lawsuit at the Tokyo District Court on Thursday, Feb. 15, against crypto exchange Coincheck over the company’s freezing of crypto withdrawals, Reuters reported today, Feb. 13. The Japan-based exchange had frozen all withdrawals after they lost $530 mln in NEM in a hack last month. The plaintiffs’ lawyer, Hiromu …

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GMO Internet, a publicly listed IT firm headquartered in Japan, has set August as the tentative launch date for its previously announced cloud mining service. The company revealed last fall that it was devoting tens of millions of dollars to its mining venture, with the aim of building a site for pursuing the energy-intensive process …

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Japanese cryptocurrency investors will pay between 15 and 55 percent on their profits declared on their annual tax filings this year, Bloomberg reports Thursday, Feb. 8. The Japanese National Tax Agency had already ruled “last year” that capital gains on transactions of virtual currency are considered “miscellaneous income,” Bloomberg writes. The tax on cryptocurrency profits …

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A Japanese company PATRON is launching a new Blockchain-based platform for supporting the social media influencers. The project aims to create a full ecosystem where Influencers and SNS users around the world will be able to post, discover and book social media sharing economy information on the Internet and mobile tablet, the company’s white paper …

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Japanese cryptocurrency exchange Coincheck has announced that it plans to allow users to start withdrawing local currency from their accounts next Tuesday. In a notice posted today, the company – which suffered a notable hack in late January – said (via unofficial translation): “Currently, assets of customers’ Japanese yen are managed safely in customer’s account …

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Japan’s financial watchdog is reportedly planning to conduct more on-site inspections of domestic cryptocurrency exchanges. According to a report from Japan’s Nikkei, the country’s Financial Services Agency (FSA) is looking to inspect several more cryptocurrency exchanges in the country starting as soon as this week, following its visits to Coincheck in the days after its …

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Peach Aviation, a low-cost airline in Japan, has confirmed that their plan to allow Bitcoin (BTC) as payment is only delayed, not cancelled. Peach Aviation had initially announced in May 2017 that customers would be able to use Bitcoin as a payment method by the end of the year. However, in December 2017, the plan …

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Japan’s Finance Minister Taro Aso has confirmed that authorities inspected the recently-hacked crypto exchange Coincheck for compliance Friday, Feb. 2, to “ensure protection of users.” The country’s Financial Services Agency (FSA) carried out the move ahead of a deadline — set for later this month — for Coincheck to submit an account of the $530 …

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Following its notable $530 million hack, Japan’s financial watchdog is reportedly probing into crypto exchange Coincheck’s finances through an on-site inspection. According to a report from Nikkei, inspectors from the Financial Services Agency (FSA) arrived in Coincheck’s office this morning to examine whether the firm has the financial capability to fulfill its promise that it …

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The hackers who stole approximately $530 mln worth of NEM coins from the largest Japanese cryptocurrency exchange Coincheck on Jan. 26 are now moving some of those coins to different addresses, NEM Foundation vice president Jeff McDonald told Reuters on Tuesday, Jan. 30. According to Reuters, NEM Foundation managed to detect that hackers began sending …

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The price of Lisk’s native token LSK is flirting with a bullish breakout following a new exchange listing. Price charts indicate LSK ran into bids at $21.63 at 05:34 UTC today before ultimately jumping more than 60 percent to $35.26 in the next 30 minutes. So far, it’s a development the investor community is associating with …

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Major Japanese social messaging app LINE has announced today, Jan. 31, that it is launching its own crypto exchange and in-app trading space for its 200 million active monthly users. According to LINE’s official statement today, their application to operate a new cryptocurrency exchange is currently sitting before Japanese regulators. Japan began operating a licensing …

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Major Japanese consumer electronics retailer Yamada Denki has partnered with cryptocurrency exchange bitFlyer to add a bitcoin payments service in two of its stores. Launched this weekend, according to a press release, one of the stores to receive the new service is based in Shinjuku, an area of Tokyo that attracts large numbers of foreign …

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This week, $534 mln worth of XEM, the native cryptocurrency of NEM, was stolen from a major Japanese cryptocurrency exchange Coincheck. On January 27, merely hours after the hacking attack was announced, developers behind NEM created an automated tagging system to track down the funds stolen by hackers. Stolen funds will be traced As Cointelegraph …

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