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Tag Archives: Japan

Japan Wants to Regulate Crypto Wallets, Breach of User Privacy?

Crypto wallet users in Japan may have to reveal their identities as the country’s top financial watchdog prepares a law for it. The Financial Services Agency (FSA) on Monday revealed its plan to regulate cryptocurrency wallet providers, ItMedia reported. The decision came during a cryptocurrency study group meeting after concerns over money laundering and terrorist financing were raised. The agency also ...

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XRP Posts 6% Gains as Japan and Brazil Adopt Ripple Tech for Payments

Twitter Facebook LinkedIn Ripple’s XRP token has a posted a 6 percent profit to establish a fresh weekly high towards $0.534. The bullish behavior also got the coin close to replacing Etherum as the second-largest cryptocurrency by market cap. SOURCE: TRADINGVIEW.COM The XPR/USD value appreciated from 0.506-fiat to 0.535-fiat on Monday. The price action underwent a weak downside correction later. It ...

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TomoChain Announces New Office in Japan

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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. For one, in the past week, certain crypto-centric entities were awarded wheelbarrows of regulatory traction, with leading governmental agencies from Japan and the U.S. expressing their approval for this innovation, ...

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Japan Considers Significant Caps on Cryptocurrency Margin Trading

Japan’s primarily financial regulator is mulling a leverage cap on the amount of funds investors can borrow for margin trading with cryptocurrencies. In a marked effort to clamp down on speculative trading to minimise volatility risks for investors, the Financial Services Agency (FSA) is considering leverage caps on margin trading, the Nikkei reported on Thursday. There are presently no restrictions ...

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Binance Reveals Results of Crypto Donations for Flood Relief in Japan

The world’s largest cryptocurrency exchange Binance has released a report on crypto donations to provide relief for West Japan following devastating floods in mid-July, according to a blog post published Oct. 24. From late June to mid-July, record downpours in southwestern Japan caused floods and landslides, wherein over 8 million people were advised to evacuate across 23 prefectures, and 225 ...

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Japan Approves Self-Regulation for Cryptocurrency Industry

Japan’s primary financial regulator has formally granted the cryptocurrency industry with a self-regulatory status by allowing an industry body to police domestic exchanges. The Financial Services Agency (FSA) on Wednesday approved the Japan Virtual Currency Exchange Association (JVCEA), a body comprised of all 16 licensed domestic cryptocurrency exchanges, to become a ‘certified fund settlement business association.’ In doing so, the ...

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Bank of Japan Deputy Governor Downplays Cryptocurrency Plans

Masayoshi Amamiya, Bank of Japan’s Deputy Governor, stated on Saturday that it was unclear whether digital currencies could enhance the monetary policies of central banks.  He elaborated that the Bank of Japan had no plans whatsoever to issue a cryptocurrency. Ongoing Debate Mr. Amamiya said that there was “quite a hurdle” for cryptocurrencies to overcome fiat currencies, and pointed out ...

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Coinbase Japan | Exec Says Crypto Crackdown in Country is Good Thing

Major US cryptocurrency exchange Coinbase said Japan’s tighter regulations towards cryptocurrency would give it an advantage, signaling the company’s confidence in securing the regulatory approval for Coinbase Japan. Japan has been long considered a crypto friendly country, compared to its neighbor China. The country has had a large pool of retail investors interested in blockchain technology and crypto and light-touch ...

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Coinbase Confident of Receiving FSA Approval, Intends to Set Security Standards in Japan

San Francisco-based cryptocurrency exchange Coinbase aims to set a new security standard in Japan, and is more confident than ever that it will receive approval from Japan’s Financial Services Agency (FSA) to operate an exchange in the region. Coinbase Optimistic About Expansion into Japanese Market On June 4, the most valuable cryptocurrency exchange in the U.S., Coinbase, announced its plans ...

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