Tagged: japan

June 29, 2019 @ 8:59 am By JD Alois  |  

The V20 Summit, a crypto focused event taking place alongside the G20 in Japan, has announced a Memorandum of Understanding (MOU) signed by a “group of key national trade associations” to create a single association to provide a unified, global voice representing “Virtual Asset Service… Read More

June 24, 2019 @ 12:35 pm By JD Alois  |  

Later this week the V20 conference will take place alongside the bi-annual G20 event being hosted in Japan. The G20 is, of course, the global powwow of 19 leading nations plus the EU. While mostly a lot of hobnobbing and back-room policy wrangling, while in… Read More

June 21, 2019 @ 7:10 pm By JD Alois  |  

The Financial Action Task Force (FATF) is out with their “Guidance for a Risk-based Approach: Virtual Assets and Virtual Service Providers.” This guidance, which was widely expected to be released today, should be rubber-stamped at next week’s G20 meeting in Japan. The proposals included in… Read More

June 18, 2019 @ 9:49 am By JD Alois  |  

Securitize and the Japan Security Token Association (JSTA), an association advocating for a compliant digital securities industry, have partnered to accelerate the adoption of digital securities in Japan. According to a release, Securitize and JSTA will work closely with financial institutions and businesses to educate… Read More

June 10, 2019 @ 2:57 pm By Cali Haan  |  

Finance Ministers from the world’s 20 most powerful economies have “…reaffirm(ed) (their) commitment to applying the recently amended FATF Standards to virtual assets and related providers for AML (anti-money laundering) and CFT (anti-terrorist finance),” in a communique issued from a meeting they held this weekend… Read More

June 7, 2019 @ 1:46 am By Cali Haan  |  

Leaders from the 20 most powerful economies in the world may discuss creating a global regulatory framework for “crypto assets” at their forthcoming meeting in Osaka in June (G20 2019 Japan), and “Virtual Asset Service Providers” (VASPSs) are holding their own concurrent meeting (V20), “…to deliver… Read More

June 5, 2019 @ 9:41 pm By Cali Haan  |  

Mark Karpeles, the man whose incompetence many believe resulted in the destruction of early Bitcoin-exchange Mt Gox and the loss of almost $500 million USD of Mt Gox user funds, is starting a new “blockchain” venture, AP News reports. Karpeles recently beat tremendous odds and… Read More

June 2, 2019 @ 9:49 am By Cali Haan  |  

Finance Ministers and Central Bank Governors from the globe’s twenty most powerful economies are “expected” to collaborate on creating a global registry of cryptocurrency exchanges when they meet at the G20 Conference in Fukuoka, Japan, in June, Nikkei Asian Review (NAR) reports. G20 government personnel meeting… Read More

May 29, 2019 @ 9:41 am By Samantha Hurst  |  

Blockchain security company CipherTrace announced on Wednesday it has formed a new partnership with Rakuten Wallet, a subsidiary of Rakuten Group, a global company that operates an e-commerce site in Japan, to assure anti-money laundering (AML) compliance for the Rakuten’s highly anticipated cryptocurrency exchange. According… Read More

April 24, 2019 @ 2:08 pm By Cali Haan  |  

The Wall Street Journal has reported this week that, on the advice of “a Bitcoin evangelist,” Softbank founder Masayoshi Son invested big in Bitcoins at the height of the market, then lost $130 million when he sold his position as the coin began to crash…. Read More

April 23, 2019 @ 12:15 pm By Cali Haan  |  

The Japanese agency responsible for overseeing the country’s banking, insurance and securities sectors conducted flash on-site inspections last week at local offices of the Huobi cryptocurrency exchange and at the FISCO Virtual Currency Exchange (formerly Zaif), Reuters Japan reports. Regulators from the Financial Services Agency… Read More

April 21, 2019 @ 9:55 pm By Samantha Hurst  |  

Just a little over seven months after being hacked for an estimated ¥6.7 billion yen ($60 million), Japanese cryptocurrency exchange Zaif is reportedly set to resumed activity. As previously reported, the infamous hack occurred on Friday, September 14th, when the hackers broke into Zaif exchange… Read More

April 19, 2019 @ 7:48 am By Cali Haan  |  

The recent loss of $190 million CAD by the now-defunct Canadian cryptocurrency exchange QuadrigaCX appears to have alerted regulators across the globe to additional complexities affecting the safe storage of cryptocurrencies at relevant businesses. Quadriga has claimed it lost access to the funds following the… Read More

April 2, 2019 @ 10:26 am By Samantha Hurst  |  

Global cryptocurrency platform Liquid announced on Tuesday it has launched its own leveraged Bitcoin Contract-for-Difference (CFD) product, known as Liquid Infinity. According to Liquid, Liquid Infinity is a highly leveraged Bitcoin CFD that will allow traders to speculate on the price movements of Bitcoin against… Read More

April 1, 2019 @ 3:25 pm By Samantha Hurst  |  

Japanese cryptocurrency exchange Coincheck announced on Monday the launch of its new OTC trading service. According to Coindesk, the new service will be for large-scale customers and is a service that allows users to buy and sell virtual currencies at an “attractive” price. It also allows… Read More

March 30, 2019 @ 5:43 pm By Cali Haan  |  

A man who secretly mined cryptocurrencies on the computers of people visiting his websites has been acquitted by a judge in Japan, Japan Today reports. The man was arrested last year and charged with violating Japanese laws that prohibit the dissemination of computer viruses. But… Read More

March 30, 2019 @ 6:08 am By Cali Haan  |  

Prosecutors in Japan have decided not to appeal a Tokyo court’s decision to acquit disgraced former Mt Gox Bitcoin exchange CEO Mark Karpeles on charges of embezzlement, Mainichi reports. Carpeles was, however, found guilty of manipulating Mt. Gox bitcoin trade data between February and September… Read More

March 20, 2019 @ 3:19 pm By Cali Haan  |  

The Japanese government has approved proposed amendments to laws governing cryptocurrency trading that will, among other things, cap leveraged trades permitted in Japan at 2-4X, Nikkei Asian Review reports. Presently, “Certain exchanges voluntarily cap leverage at 25 times the deposit, as with the rule for… Read More

March 18, 2019 @ 10:05 am By Samantha Hurst  |  

Singel announced on Monday its Asian cross-border payment alliance, VIA, has expanded its footprint to Japan. According to Singel, NETSTARS, a Tokyo-based mobile payment technology company, will join VIA, adding its 100,000 stores to the network’s current 1.6 million merchant partners. Singel reported that users… Read More

March 16, 2019 @ 9:31 am By Cali Haan  |  

An 18-year-old young man in Japan has been turned over to prosecutors to face allegations he hacked 15 million yen ($134 ooo USD) worth of Mona cryptocurrency from a “digital currency storage website,” Japan Today reports. Police claim this is the first time charges have… Read More