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…

Read more »

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….

Read more »

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…

Read more »

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…

Read more »

Two Japanese Cryptocurrency Exchanges To Shut Down

Two Japanese cryptocurrency exchanges are reportedly halting their operations due to increased scrutiny by Japan’s financial regulator following the Coincheck hack. According to Nikkei, the two exchanges – Tokyo GateWay and Mr. Exchange – withdrew their applications for licensure under the Japanese Virtual Currency Act, along with three other exchanges: Raimu, bitExpress, and Bit Station….

Read more »

Japan, Singapore Fintech Associations to Work Together on Joint Projects

The Singapore FinTech Association (SFA) and the Fintech Association of Japan (FAJ) have signed a memorandum of understanding (MOU) to deliver greater financial technology within the two countries, according to a joint statement. The signing of the agreement was celebrated with a ‘friendship evening and sake tasting’ at the Money 20/20 conference in Singapore earlier this…

Read more »

Japan's financial watchdog suspends 2 cryptocurrency exchanges

The world and operating environment for cryptocurrency exchanges is a torrid one and there are always problems cropping up if one needs to operate in such a risky environment. Japan is a country that seemingly has accepted the crypto revolution with open arms, but that does not mean that it is taking things lightly with…

Read more »