Japan announces crackdown on cryptocurrency margin trading

Lawmakers in Japan have announced new measures around cryptocurrency margin trading, in the latest tranche of legislation designed to structure domestic digital asset markets. First reported in the Nikkei Asia Review, the Japanese cabinet approved draft amendments to financial instruments and payment services regulations to effectively limit the degree of leverage available to crypto traders….

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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. The development, first reported by Nikkei Shimbun on March 15, will change…

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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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Bloomberg: Japan Gauges Interest in Bitcoin ETF as Pundits Talk Down US Approval Rumors

Japan’s financial regulator is considering allowing Bitcoin (BTC) exchange-traded funds (ETF), an anonymous source told Bloomberg on Jan. 7. Citing a person familiar with the matter, the publication reports that the Financial Services Agency (FSA) is testing interest in an ETF with a view to potentially giving the instrument the green light to trade on…

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PR: ACD and Bitcoin.com Have Teamed up to Launch Payments With Bitcoin Cash

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. December 28th, 2018 Bitcoin.com ACD Inc Bitcoin.com CEO Roger Ver…

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Wine Retailer Madison To Acquire Stake In Japanese Crypto Trading Platform BitOcean

Madison Lab, a subsidiary of Hong Kong Stock Exchange-listed wine firm Madison, is planning to buy a majority stake in BitOcean, a Japanese cryptocurrency trading platform. Bitocean is registered as a crypto exchange with Japan’s Financial Services Agency (FSA), but has not commenced trading yet. The company also makes bitcoin automated teller machines (BTM). According…

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Japan’s Financial Services Agency Renames Cryptocurrencies To Prevent Confusion With Legal Tender

Japan’s Financial Services Agency (FSA) has decided to place the names of bitcoin and other cryptocurrencies into a category called “crypto-assets.” On December 14, an FSA advisory panel compiled a report, pointing out that the term “virtual currency” could cause misunderstanding, and requested a change of the term. The FSA will reportedly revise relevant laws…

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The Daily: Japan Calls All Coins ‘Crypto Assets’, Russia Defines Cryptocurrency as Property

The Financial Services Agency of Japan has resolved to refer to cryptocurrencies as “crypto assets” in order to prevent confusion with legal tender. Also in The Daily, the Justice Ministry in Moscow has confirmed that it classifies digital coins as “other property.” Finally, according to a recent report, stablecoins have seen significant growth over the…

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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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MtGox’s Karpelès Could Face 10 Years In Jail For Embezzlement

Court proceedings may have stalled his prospects for employment as well as his own development project. The ex-CEO of the failed MtGox exchange, where 850,000 Bitcoins vanished in 2014, could now face 10 years in jail. Mark Karpelès has been subject to legal proceedings in Japan for criminal allegations of embezzlement and breach of trust. At…

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Japanese Exchange Bitpoint Launches Trading Platform in Panama

On Wednesday Dec. 12, Japanese cryptocurrency exchange Bitpoint announced the launch of a crypto-to-fiat trading platform in Panama. The regulatory-compliant exchange will offer USD pairs with top cryptocurrencies like bitcoin cash, ethereum, bitcoin core, litecoin, and ripple. Also read: BCH Devs Discuss Securing Instant Transactions With the Avalanche Protocol Bitpoint Japan Expands to Latin America Bitpoint…

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Cryptocurrency Still a Minute Portion of Money Laundering Crimes, Says Police in Japan

Law enforcement in Japan says cryptocurrency money laundering constitutes only a minor portion of the total cases of money laundering in the country. This assertion comes even as police authorities say instances of virtual currency-related money laundering are on the rise. Two Percent According to the Japan Times, the country’s National Police Agency (NPA) announced…

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Breaking: G20 Discusses International Cryptocurrency Tax

The G20 conference, which is happening at this moment in Buenos Aires, has produced a decision which will be interesting to the cryptocurrency world. The attendant politicians have signed a document which indicates their intention to begin working on a solution to the issue of cryptocurrency tax, and that they will collaborate to this end….

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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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Jihan Wu: ‘I Have Huge Confidence in the Future of Bitcoin Cash’

CEO and co-founder of Bitmain Jihan Wu today expressed confidence in the future of Bitcoin Cash (BCH) and proof-of-work (PoW) mining. Speaking at the Nikkei/CNBC “Future of Money” event in Tokyo in his first major appearance in Japan, Wu also addressed questions over the recent BCH hard fork, the growing importance of the mining industry,…

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Japan’s Banking Giant MUFG Signs MoU to Develop Ripple-Based Remittances to Brazil

Japanese bank holding and financial services company Mitsubishi UFJ Financial Group, Inc. (MUFG) said it will use Ripple (XRP) to create a new cross-border payments service to Brazil in a press release Nov. 9. MUFG, which has demonstrated an increasing interest in cryptocurrency products, will partner with Brazil’s Banco Bradesco to create the platform through…

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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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Crypto Hedge Fund Launches Retail Public Offering in Japan

Epoch Partners launched the retail public offering for a new hedge fund in Japan this week that will focus on cryptocurrencies and digital assets. Subscriptions for the offering, which opened on Oct. 15, have been capped at 100 billion yen ($892 million). Also Read: Research: 1 of 5 New Hedge Funds in 2018 Is a…

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Coinbase is Positive About Cryptocurrency Regulations in Japan

One of the most important cryptocurrency platforms in the market, Coinbase, believes that regulations in Japan are good for the company. Mike Lempres, Chief Policy Officer at Coinbase, said that the firm ‘is good’ with the focus that the Japanese government has on the market. Coinbase to Enter the Japanese Market Japan is known as…

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