Category: Japan

Japan Finance Giant SBI Holdings To Launch Crypto Exchange In Summer 2018

The launch of SBI Virtual Currencies is expected this summer, SBI Holdings president Yoshitaka Kitao says it will use Bitcoin Cash as a settlement currency. Japan`s financial services giant SBI Holdings plans to launch its crypto exchange this summer, local media outlet Business Insider Japan reported April 27. According to a recent announcement by company

Japanese Regulator Pressures Exchanges to Drop Privacy Coins

Japan’s Financial Services Agency, tasked with monitoring the country’s cryptocurrency exchanges, has quietly been pressuring platforms to delist privacy coins. Coincheck has already done so in the wake of the $400 million NEM hack. If fellow exchanges follow suit, it could signal the beginning of the end for privacy coins such as zcash and monero

Japanese Regulators Discussed Restricting Trade Of Privacy-Focused Altcoins, Report Says

Japanese regulators are considering whether registered cryptocurrency exchanges should be “allowed” to trade privacy-focussed altcoins, reports say Japanese regulators suggested preventing cryptocurrency exchanges from trading anonymity-oriented altcoins Dash (DASH) and Monero (XMR) this month, Forbes reports today, April 30. Relating the outcome of a working group meeting of industry “experts” and the country’s regulator the

Bank of Japan Turns Back on State-Issued Cryptocurrency

The Bank of Japan has become the latest government financial institution to recognize the risks of state-issued cryptocurrencies. According to its Deputy Governor Masayoshi Amamiya, a national digital coin may jeopardize the traditional financial system established in developed countries. The Japanese central bank has no plans to issue its own crypto, he said. Also read:

Banks and the Crypto Industry: Asia

What to expect for the future of banking and fintech Bitcoin captured global curiosity when its’ value skyrocketed in 2017. Yet, financial institutions have been slow to add operational value to the crypto market.   The common denominator among places where governments and banks have restrained digital markets is the lack of transparency and control they

Japanese Police Arrest 12 Men For Allegedly Buying $1.7 Mln In Bitcoin With Fake Fiat

Japanese police have arrested a total of 12 suspects in connection with an alleged Bitcoin ruse, involving almost $2 mln in counterfeit fiat. Tokyo and Hyogo police have arrested a further five persons in connection with an alleged fraud case involving ¥190 mln ($1.7 mln) worth of Bitcoin, bringing the total number of arrested persons