Tagged: japan

Inspection of Japan Crypto Exchanges Reveals Loose Business Practices

Onsite inspections of 16 licensed cryptocurrency exchanges and 7 with licenses pending in Japan has revealed generally loose business practices and controls, according to a report released last Friday by the Japanese Financial Services Agency (FSA). The inspections were conducted by the FSA in cooperation with… Read More

Financial Services Agency in Japan Updating Crypto Laws to Reflect Speculation

Relatively loose Japanese laws designed to facilitate the use of cryptocurrencies at the retail level will soon be revised to reflect their actual use as speculative investments, Japan Times reports. Initial laws enshrined in April 2017 made Japan was one of the first powerhouse economies… Read More

Japanese Bank Argues US Courts Have No Jurisdiction in Mt Gox Crypto Fraud Case

A Japanese bank that allegedly allowed notorious failing cryptocurrency exchange Mt Gox to continue accepting deposits while simultaneously freezing withdrawals is once again appealing a ruling that allowed a class action suit to proceed against the bank in the US, Finance Feeds reports. The bank,… Read More

Japan: Enterprise Software Company Infoteria Partners with Fast Blockchain Zilliqa

Infoteria Corporation, an enterprise software company in Japan (Listed on TSE Sec.1: 3853) and Zilliqa have formed a partnership with Infoteria will enable corporate use of the fast blockchain. Zilliqa is one of a handful of companies seeking to address current shortcomings in distributed ledger… Read More

Overfunding: Glint Quickly Surpasses £1.25 Million Funding Target Through Crowdcube Campaign; Addresses GoldMoney Founder’s Criticism

Just days after launching its equity crowdfunding campaign on Crowdcube, UK fintech Glint has successfully secured its initial £1.25 million funding target, thanks to nearly 300 investors. The funding round is part of Glint new Series A funding round, which is seeking a total of… Read More

UK Fintech Glint Now Seeks £1.2 Million Through Crowdcube Campaign As Part of the Company’s £15 Million Series A Financing Round

Following the announcement that Glint was seeking a total of £15 million through Series A financing round to expand into the U.S. and Japan by the end of this year, the UK fintech launched an equity crowdfunding campaign on Crowdcube to raise £1,250,000 as part of the Series… Read More

China: WeiyangX Fintech Review

Toutiao Marches into the Fintech Market with Cash Loan Products China’s leading digital media platform Toutiao has long denied the potential of entering the financial markets. However, it is reported this week that a series of cash loan products have launched on Toutiao’s app without… Read More

Japan Instant Post-Pay Credit Service Paidy Secures $55 Million Through Series C Funding Round

Paidy, Inc., a Japan-based post-pay credit account company, announced on Thursday it secured $55 million through its Series C funding round, which was led by ITOCHU Corporation with participation from Goldman Sachs. The company reported combined with its two previous Series A and B rounds,… Read More

UK Fintech Glint Now Seeking £15 Million Through Series A Financing Round to Expand into the U.S. & Japan By the End of 2018

UK fintech Glint announced on Thursday it is now seeking £15 million through its Series A financing round to expand into the U.S. and Japan by the end of this year. This news comes nearly eight months after the company launched its mobile app, which allows… Read More

Canadian Crypto Exchange Coinsquare is Going Japanese in Expansion with DLTA 21 Blockchain

Coinsquare, a Canadian cryptocurrency exchange, and DLTA 21 Blockchain Corp., a Canadian blockchain investment bank, have partnered up on a  cryptocurrency trading in Japan. The two companies said the new trading platform will be doing business as DLTa21X after receiving regulatory approval in Japan. Cole Diamond,… Read More

UK’s Department for International Trade Schedules Fintech Mission to Mexico & Japan

Once again, the UK Department for International Trade (DIT) is booking trips abroad to promote and interact with financial innovation types around the world. DIT has scheduled two trips for this Fall. First, DIT has scheduled their second UK Fintech Mission to Mexico City from 11-14… Read More

Japan Blockchain Conference 2018 – Tokyo

“JAPAN BLOCKCHAIN ​​CONFERENCE” – TOKYO Round 2018 Japan’s largest Blockchain conference  More than 100 companies, organizations of cryptographic currency experts from around the world gather in Tokyo!  “Number of mobilizers: 10,000 (planned)” Blockchain: The leading domestic and overseas companies and organizations that are responsible for… Read More

Forested Japanese Village Contemplating Municipal ICO to Fund Sustainability Measures

As part of its dedicated efforts to become ecologically and economically self-sustaining, a Japanese village called Nishiawakura is considering raising funds by ICO (initial coin offering) to replace revenue from government development grants that expire in 2020. The forested village, which sits in the mountainous… Read More

Police to Lay Charges in Japan’s First “CryptoJacking” Case

Police in Japan have charged three individuals with infecting the computers of unsuspecting individuals with malware that mines the privacy cryptocurrency Monero. According to the Japanese daily news provider Mainichi, the three individuals are accused of setting up web sites designed to attract and then surreptitiously… Read More

Coinbase Launching Crypto Exchange Operation in Japan

The Vice President and General Manager of Coinbase, America’s largest cryptocurrency exchange, announced June 4th that the company is expanding physical operations to Japan. “Our new office will lay the foundation for Japan’s crypto investors to access a range of Coinbase’s products,” writes Dan Romero…. Read More

SoftBank Reveals Third Round SoftBank Innovation Program Winners

SoftBank Corp. announced on Thursday results for the third round of its SoftBank Innovation Program, which is a program that seeks a wide range of innovative solutions and technologies from around the world to consider for commercialization. SoftBank reported it will tie up with eight companies… Read More

Mizuho Financial Group Announces Support For Japanese Blockchain Coworking Space Neutrino

Mizuho Financial Group, Inc. announced last week it has agreed to sponsor Neutrino, Japan’s first blockchain1 coworking space. According to the firm, Neutrino, which located in Tokyo’s Shibuya Ward, was established by Omise Japan (CEO: Jun Hasegawa). It was reported: “One of the key features… Read More

Mitsubishi UFJ Financial Group Partners with Akamai on Speedy Blockchain & Payment Network

Mitsubishi UFJ Financial Group (MUFG), one of the largest financial institutions in the world, and Akamai Technologies, have announced the development of a new blockchain service. This new partnership seeks to create “the world’s most scalable and fastest payment processing platform” with a capacity to… Read More

Japan Regulators Urging Crypto Exchanges to Exclude Anonymous Altcoins

Forbes has reported that sources close to Japan’s Financial Services Agency (JFSA) have confirmed that the agency is encouraging the country’s crypto exchanges to exclude anonymous cryptocurrencies Monero (XMR), Zcash (ZEC), and Dash (DASH) from trading on their exchanges. The suggestion comes as a number… Read More

Japan: Crypto Exchange Everyone’s Bitcoin Hit with Administrative Punishment from FSA

The Financial Services Authority (FSA) in Japan has hit another cryptocurrency exchange with an enforcement action. According to the FSA’s site, “Everyone’s Bitcoin” has received an “administrative punishment” for not abiding by compliance rules for cryptocurrency exchanges. The FSA states that due to reports from… Read More