Ripple-Backing SBI and Santander Fund Elliptic To Fuel Asian Expansion
Cryptocurrency compliance company Elliptic has raised $23 million in a Series B funding round led by SBI Holdings, a Japanese financial institution which has been trialing an XRP-powered store settlement payments app.
Japanese Crypto Exchange Bitpoint Restarting Trade Services
Japanese crypto exchange Bitpoint is resuming some trading services following a $28 million hack in mid-July.
Coincheck-Owner Monex Group Moves to Join Facebook Libra
Monex Group, the Japanese financial services company that owns the Coincheck crypto exchange, has applied to join Facebook’s Libra project.
'Bitcoin is a gambling instrument for Chinese, Koreans and Japanese'
Cryptocurrency will not be recognized as a legal currency due to its high volatility, with only a handful of exchange operators standing to gain, a noted global economist and financial market expert said Thursday.
Digital currency operators must comply with rules: Bank of Japan's Amamiya
Digital platform operators such as Facebook, planning to launch a new global cryptocurrency called Libra, must comply with regulations on money laundering and risk management, Bank of Japan Deputy Governor Masayoshi Amamiya said on Friday.
Now Japanese Regulators Are Getting Anxious About Facebook’s Cryptocurrency
Japan’s central bank has joined the regulators worldwide expressing concerns over the potential risks posed by Facebook’s Libra cryptocurrency project.
Japan’s Crypto Traders May Face Closer Scrutiny Over Tax Avoidance
Japanese tax authorities are planning to take action on the under-reporting of cryptocurrency-based profits.
Japan Officially Approves Bill to Amend National Legislation Governing Crypto Regulation
The Japanese House of Representatives has officially approved a new bill to amend national laws that govern crypto regulation, Cointelegraph Japan reported on May 31.
Honda And GM to Research Smart Grid, Electric Car Interoperability With Blockchain Tech
Major automobile manufacturers Honda and General Motors (GM) are jointly conducting research on electric vehicle and smart grid interoperability using blockchain tech, Japanese news outlet Nikkei reported on May 20.
Japan’s Finance Minister Urges Reporters to Adopt New Legal Term ‘Crypto Assets’
Japan’s Minister of Finance and deputy prime minister Taro Aso has urged reporters to stop using the term virtual currencies and switch to the newly-proposed legal name crypto assets.
IDC Report: Blockchain Solutions Spending in Asia/Pacific, Bar Japan, to Hit $2.4 Bln by 2022
Blockchain solutions spending in Asia/Pacific excluding Japan (APEJ) is forecast to hit $2.4 billion by 2022, according to an April 23 report from United States-based market research firm International Data Corporation (IDC).
Japan to require crypto exchanges to bolster internal oversight
Japan’s financial regulator will require cryptocurrency exchanges to strengthen internal oversight of the so-called “cold wallets” used to store digital money, a source with direct knowledge of the matter told Reuters on Tuesday.
Major Japanese Fintech Firm Halts Plans to Launch Crypto Exchange, Citing Bear Market
Money Forward Inc., the operator of one of Japan's most popular personal budgeting apps, has resolved to halt its plans to launch a crypto asset exchange. The development was reported by Cointelegraph Japan today, April 15.
World’s Fifth Largest Bank MUFG to Put Stablecoin to Practical Use in 2019
Japanese bank holding and financial services company Mitsubishi UFJ Financial Group (MUFG), the fifth largest bank in the world, is set to put its digital currency MUFG Coin into practical use later this year. The news was reported by Cointelegraph Japan on April 9.
Japan Approves 2 New Crypto Exchanges - 140 More Interested
Japan’s top financial regulator has shared with news.Bitcoin.com some stats pertaining to cryptocurrency exchange registrations. Out of 23 new applications the regulator has received, two have been approved so far. In addition, there are over 140 more companies interested in entering the market.
Japan clamps down on margin cryptocurrency trading
Japanese financial authorities will expand on already pioneering rules for cryptocurrency trading to bring further order to one of the world's biggest virtual currency marketplaces.
Japan Changing Virtual Currency To “Cryptographic Assets”, Strengthening Law For The Future Of Its Digital Economy
The Japanese government has decided to make amendments to 2 acts, the Financial Instruments and Exchange Act and the Fund Settlement Act, in order to accommodate virtual currencies. This move further adds to the regulatory progress that the country is making for cryptocurrencies.
Japan: Hacked IoT Devices and Cryptocurrency Networks Doubled in 2018
In Japan, the number of hacked Internet of Things (IoT) devices and cryptocurrency networks nearly doubled in 2018 when compared to the previous year. English-language local media Asahi reported on March 7.
Crypto-Related Money Laundering Cases Experienced Ten-Fold Increase in Japan
On Feb. 28, the National Police Agency (NPA) revealed that there were more than 7,000 money laundering cases that involve cryptocurrency in 2018, Mainichi Japan reports. The figure sounds even more alarming if to consider a ten-fold increase since 2017.
Major Japanese Trading Firm Marubeni Partners with US Blockchain Company LO3 Energy
Japanese general trading company Marubeni Corporation has partnered with a New York-based blockchain startup to use the technology for its energy business, Marubeni confirmed in a press release on Feb. 20.