Ripple and XRP would develop explosively in the future, says Japanese lawmaker and ex-banker

Takeshi Fujimaki, an former banker turned politician and a representative of one of the largest opposition political party Nippon Ishin, expressed his views on the future of cryptocurrencies, especially about XRP and Ripple’s developments, in a recent twitter thread. The lawmaker sent out a barrage of tweets on how cryptocurrency-related experiments are being conducted all over…

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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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Japanese Behemoth GMO Internet to Launch Yen-Pegged StableCoin

The company also announced plans to start issuing the stablecoin for the Asian region by the start of the fiscal year 2019. GMO Japanese Yen (GJY) Japanese behemoth, GMO Internet  Inc. announced saying, It will start full-scale preparations to issue stable coins of virtual currency, with an eye to entering into the ‘settlement’ area of…

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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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6,000 Bitcoins Stolen From Japanese Exchange

Cryptocurrency exchange Zaif announced on Thursday that a recent hack has resulted in the loss of 5,966 bitcoins (BTC) and a total of $60 million USD worth of bitcoins, Bitcoin Cash (BCH) and MonaCoin (MONA). However, the size of the theft could be larger since the total number of lost BCH is still unknown. The…

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Japanese soccer star Honda pays in Crypto to boost exchange – Bitcoin News

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Japan’s Internet Giant GMO Unveils New Crypto Priorities, Exchange Profits Up 7-Fold

Japan’s GMO Internet has unveiled new priorities for its cryptocurrency business along with the performances of its crypto exchange and mining operations. The changes going forward result from the bear market and increased total hash rate. GMO Coin Profits Up 7.3-Fold Japanese internet giant GMO published its second-quarter results for this fiscal year on Thursday….

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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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Japanese Cryptocurrency Association Addresses Leverage Trading Concerns

Margin trading is a controversial topic in the cryptocurrency community, to say the least. Some think that using leverage in cryptocurrency trades is a valid trading vehicle, while others see it as speculative nonsense and an unwarranted method of trading that is risky for common consumers. For the uninitiated, margin trading allows you to borrow boat-loads…

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Japanese Minister Denies Ties to Unregistered Crypto Exchange Under Investigation

Seiko Noda, Japan’s Minister for Internal Affairs & Communications, and Minister in charge of Women’s Empowerment, was questioned by the Japanese press on Thursday over her involvement with an unregistered cryptocurrency exchange, which was allegedly violating the Japanese fund settlement law. It was revealed on Thursday that, on January 30, Noda’s secretary and aide allegedly…

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Japanese Bank To Be First In Major Cryptocurrency Rollout

According to reports out today, Mitsubishi UFJ Financial Group (MUFG) are due to begin trials of a custom cryptocurrency which, if it turns out to be a success, could very well become the first cryptocurrency produced by a major banking group. MUFG are a branch of the Mitsubishi Group, creators of everything from cars to…

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Japanese IT Giant Nomura to Become World’s First Crypto-Asset Bank

The allure of cryptocurrencies is hugely lucrative to institutional investors, especially for those have primarily been holding back from making large-scale investments in digital assets due to the definite lack of security and solutions. However, several firms are sensing both demand and business opportunities, and in turn, launching their own “Custody” services for institutional investors….

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Japan's GMO Has Mined Over 900 Bitcoins – Hashrate Doubled Last Month

The mining operation of Japan’s internet giant GMO has resulted in over 900 bitcoins and 537 bitcoin cash so far, as the company roughly doubled its hashrate last month. Meanwhile, its crypto exchange reported a first-quarter loss after the country’s financial regulator ordered it to improve. Over 900 BTC Mined So Far Japanese conglomerate GMO Internet…

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Bitcoin Adoption Continues: Parking Lots, Supplies Store, Courses, Boutique Hotel

Bitcoin adoption continues to grow rapidly worldwide. This adoption roundup features four merchants that recently started accepting the digital currency – a boutique hotel in Spain, parking lots, an electrical supply store, and online courses in Japan. Parking Lots Park Realty Co. Ltd., which provides a parking lot sharing serving called QRpark, announced last week…

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The Japanese Cryptocurrency Exchange Association Will Drive Crypto Forward

More news from Japan this afternoon. Just to recap, at present the Financial Services Agency (FSA) have set out stringent regulations for Japanese cryptocurrency exchanges, all of whom must abide by new rules to ensure the safety and security of customers using cryptocurrencies. The FSA have established these regulations after a number of security breaches…

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Two Crypto Exchanges Suspended by Japan's Financial Regulator

The Financial Services Authority of Japan has imposed penalties on three cryptocurrency exchanges following inspections of trading platforms in the country. Two of them have been ordered to suspend operations. Officials are not satisfied with the measures implemented to prevent money laundering and systemic risks.    Also read: CEO of Korean Exchange Coinnest among Four…

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The Reasons Why Japanese Crypto Exchanges are Shutting Down

Japan became a complicated legal environment for several crypto exchanges to continue providing their services, some of them have been already suspended, while others have withdrawn their application and prepare to close. According to Nikkei Asian Review, Mr. Exchange and Tokyo GateWay have withdrawn their legal file submitted with the Financial Services Agency in Japan…

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Coincheck to Start Compensating Hack Victims and Resume Operations Next Week

Hacked Japanese exchange Coincheck is getting ready to start compensating its customers next week as it plans to resume operations. The exchange has been slapped with two business improvement orders so far by Japan’s financial regulator and may stop trading some cryptocurrencies for safety reasons. Repayment Beginning Next Week Major Japanese cryptocurrency exchange Coincheck announced…

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