Coincheck Wins FSA Approval

Nearly a year after being hacked, the exchange has attained FSA licensure. Almost a month after rumors emerged that Coincheck had at last achieved regulatory approval by Japan’s Financial Services Agency (FSA), it has now been confirmed that the exchange is registered with the Kanto Financial Bureau, in accordance with Japan’s Payment Service Act, effective…

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Japanese Banks Launching Digital Currencies Could Inspire the Traditional Cash Society

Japan is known as a land of contrasts. A country where serenity and tranquillity can be found in the middle of the hustle and bustle of large global cities, where proud traditionalism stands side-by-side with the developers and innovators of breakthrough technologies, where kimonos are often found next to the latest fashion trends. This contradictory…

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Year in Review: 2018's Top Cryptocurrency Stories

After an intense 2017, filled with cryptocurrency market spikes, the following year was loaded with letdowns as a great majority of digital assets plunged well over 80 percent in value since their all-time highs. 2018 was also filled with lots of headlines about digital currency regulations, exchange hacks, and postponed exchange-traded funds. 2018 Saw Hundreds…

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Japan’s Monex Group Launching Crypto Exchange in the US

Monex Group, a major Japanese financial services company and the parent company of cryptocurrency exchange Coincheck, has unveiled its plan to launch a crypto exchange in the U.S. next quarter. The company has also shared its expansion plans for Coincheck in Japan. U.S. Expansion Tokyo Stock Exchange-listed Monex Group (8698.T) held a business strategy briefing session…

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Coincheck Reinstates XRP and FCT Trading as Normal Services Resume

Coincheck recently reinstated two cryptocurrencies – XRP and FCT – to its platform. With this announcement, the Japanese cryptocurrency exchange is now back to its full complement of virtual currency listings. Complete Resumption of Deposit and Purchasing In a press release published by Coincheck on Monday (November 26, 2018), the cryptocurrency exchange announced the resumption…

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NEM Skyrockets as Coincheck Resumes Trading, Altcoins Trade Up Amidst Bitcoin Stability

NEM (XEM) is currently trading up nearly 20% as cryptocurrency exchange Coincheck resumes its normal trading activity. NEM’s meteoric price rise comes amidst overall market stability, with Bitcoin (BTC) trading steadily at $6,400, and most altcoins trading up. At the time of writing, Bitcoin is trading at $6,400, recovering from a slight dip into the…

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NEM Price Turns Uber Bullish as Coincheck Provides Good News

Whereas most of the top cryptocurrencies are still struggling for traction, interesting developments take place just outside the top 15 The NEM price is going through a very bullish rally right now, primarily because Coincheck has officially resumed trading services for this altcoin. This appears to bring a lot of positive momentum to the New…

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Coincheck Resumes Services Following Major NEM Theft in January

The year 2018 has not been overly pleasant for the Coincheck exchange. After suffering from a major hack, the company had to overcome a big deficit. In more positive news, the platform was acquired by Monex Group earlier this year. Customers will soon be able to access cryptocurrency services again and register new accounts. Coincheck…

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Daily Byte: Monday, October 29, 2018

Coincheck still in the red post-hack, Coinbase fires 15, Belgium issues new fraud alert, EOS block producer says bitcoin and Ethereum are energy hogs, blockchain film premieres, and Ethereum gets a new best friend. Here is some of what’s happening on Monday, October 29, 2018: Crypto Exchange Coincheck Reports More than $5 Million in Losses…

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Japanese Cryptocurrency Industry to Self-Regulate After Government Approval

On Wednesday, Oct. 19, Japan’s Financial Services Agency granted the cryptocurrency industry the authority to self-regulate. The approval means that the Japan Virtual Currency Exchange Association, a coalition of several registered digital currency exchanges, can now set rules for operational requirements, consumer protection, prevention of money laundering and employee ethics. The association will also enforce compliance….

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Cryptocurrency Exchanges Lost $882 Million to Hackers in Two Years, Report Finds

A recent report by cybersecurity company found that over the past two years cryptocurrency exchanges have lost $882 million to hackers. The report also warns that the trend is likely to increase in the future as hackers direct more of their attention to exchanges. $1.3 Million Lost Every Day Moscow-based cybersecurity company Group-IB has released…

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Japanese Regulators Urgently Respond to Zaif's Hack

Following the hack of Zaif, one of Japan’s regulated crypto exchanges, the country’s financial regulator immediately responded, launching an emergency inspection of the exchange and a survey of all other crypto exchanges. Finance Minister Taro Aso has also commented on the situation. In addition, the recently established self-regulatory body has asked all exchanges to inspect…

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Japanese Crypto Exchange Zaif Falls Victim to Hack, Loses $60 Million Worth Bitcoins

Despite taking several regulatory measures this year, Japan’s cryptocurrency market still remains vulnerable to hacks. A licensed cryptocurrency exchange Zaif was reportedly hacked on Thursday, September 20, losing worth $60 million worth of Bitcoins. The Zaif exchange is operated by Tech Bereau Inc. A local report from Japan stated that on September 14 at 17:00 hours,…

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Japanese Regulated Exchange Zaif Hacked – Nearly 6000 BTC Stolen

Japanese government-approved cryptocurrency exchange Zaif has confirmed that it has been hacked. After a preliminary investigation, the exchange says at least 5,966 BTC have been stolen, with an estimated total damage of $60 million. Some of the stolen coins belong to the exchange but the majority belong to customers. Zaif Hacked Japanese crypto exchange Zaif…

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The Daily: Bitfinex Building Decentralized Exchange, Bitpanda Adds Zcash

Cryptocurrency exchange Bitfinex is working on a project to launch a decentralized trading platform and we’ve got all the details here. Also in The Daily, Bitpanda adds Zcash to its offerings, Bitvo launches technical analysis tools, and Monex makes executive changes at Coincheck. Also read: Dapp Revival, Remme Launch, 1 Million Cryptokitties Bitfinex Develops Decentralized…

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Japan Unveils Results of On-Site Inspections of 23 Crypto Exchanges

The Japanese financial regulator has finished the on-site inspections of 23 cryptocurrency exchanges. The agency found many problems and has released a report outlining them. The regulator will use the findings to tighten its review procedures of new crypto exchange applicants, including over 100 companies that have been waiting to be reviewed. Results of On-Site…

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Japanese Association Seeks Authority to Enforce Self-Regulation on Crypto Exchanges

Japanese crypto exchanges may soon have an official self-regulatory body. The Japan Virtual Currency Exchange Association has applied with the country’s financial regulator to become the authority for self-regulation, with the power to enforce rules on its crypto exchange members. Registering with FSA The Japan Virtual Currency Exchange Association (Jvcea) announced Friday that it has…

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FSA Orders Six Japanese Crypto Exchanges to Improve Anti-Money Laundering Systems – Bitsonline

A total of six licensed Japanese crypto exchanges, including bitFlyer, have had sloppy anti-money laundering (AML) systems brought into question by Japanese financial regulator, the Financial Services Agency (FSA). The FSA issued a “business improvement order” demanding those exchanges address their AML failings to protect their consumers. The Japanese government appears to be buckling down…

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Japan's Financial Watchdog Sets Out New Requirements For Crypto Exchanges

Japan’s financial watchdog, the Financial Services Agency (FSA), has laid out yet further regulatory stipulations for domestic crypto exchanges, Cointelegraph Japan reports today, May 6. The regulator is reportedly intensifying its efforts to prevent a repeat of January’s $532 mln hack of crypto exchange Coincheck, the biggest single exchange hack in the history of the…

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Two More Cryptocurrency Exchanges Shut Down In Coincheck Hack Wake

With the addition of Mr. Exchange and Tokyo Gateway, the number of cryptocurrency exchanges to shut down in Japan has gone up to 5. Ever since the world’s biggest cryptocurrency exchange hack resulting in over $530 trillion worth of cryptocurrencies being stolen from Coincheck, the Japanese Financial Service Agency has ramped up its efforts to…

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