Crypto News From Japan: Sept. 2–8

Japan, one of the most important markets for cryptocurrencies, has seen a number of important developments over the past week. Japan, one of the leading markets for cryptocurrencies, has seen a series of important developments for the cryptocurrency and blockchain industries this week. The country’s financial regulator, the Financial Services Agency (FSA), has licensed crypto-related […]

Continue Reading

Japan Grants Crypto Exchange License to Messaging Giant LINE

Japanese messaging giant LINE, has obtained a crypto exchange operating license from Japan’s financial regulator for its digital asset daughter company. LVC Corporation, the digital asset- and blockchain-focused arm of Japanese messaging giant LINE, has obtained a crypto exchange operating license from Japan’s financial regulator. The news was reported by Cointelegraph Japan on Sept 6. […]

Continue Reading

Crypto News From Japan: Week in Review

From Cointelegraph Japan: the Bank of Japan is bullish on blockchain tech, while exchanges and crypto firms are introducing new offerings. Japan is a friendly jurisdiction for cryptocurrency trading and development, having eliminated the consumption tax on Bitcoin (BTC) trading in 2017, after which it recognized the coin as legal tender. This week in Japan, […]

Continue Reading

Bitpoint Hack Shows That Regulators’ Scrutiny Does Not Equal Safety

Bitpoint incident continues the streak of hacks targeting Japan-based exchanges. On July 12, 2019, Tokyo-headquartered cryptocurrency exchange Bitpoint promptly suspended its services after noticing an error in the outgoing funds transfer system. Soon, an official announcement followed, revealing that the trading platform had lost around 3.5 billion yen (roughly $32 million) as a result of […]

Continue Reading