Japanese e-commerce giant Rakuten to launch its Rakuten Wallet in June following an approval from the financial regulator. Japanese e-commerce giant Rakuten will launch its own cryptocurrency exchange, dubbed Rakuten Wallet, this June, Cointelegraph Japan reports today, March 29. As per the official announcement from Rakuten, the exchange will start accepting applications for opening accounts […]
Continue ReadingThe country’s licensing process is beginning to issue approvals for vetted crypto exchange operators. Japanese financial regulators approved a second cryptocurrency exchange to begin operations this week, a press release from local exchange DeCurret, the applicant, confirmed on March 25. DeCurret, which joins an offering from e-commerce giant Rakuten in launching on the domestic market, […]
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The Cabinet of Japan has reportedly approved new regulations in regard to cryptocurrency margin trading. Japanese financial regulators have reportedly introduced new regulations for cryptocurrency margin trading, local news agency Nikkei reported on March 18. The Cabinet of Japan, the executive branch of the country’s government, has reportedly approved draft amendments to Japan’s financial instruments […]
Continue ReadingLast month was particularly eventful for the Japanese crypto ecosystem. The beginning of the year was particularly eventful for the Japanese crypto ecosystem, which is generally considered to be a major part of the industry. First of all, Japan’s Central Bank (BoJ) issued a study on the role of central bank digital currencies (CBDCs) in […]
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7,096 cases of suspected money laundering tied to crypto were reported to Japanese police in 2018. More than 7,000 cases of suspected money laundering tied to crypto were reported to Japanese police in 2018, a more than tenfold increase from the 669 cases over a nine month period during the previous year. The news was […]
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Researchers from Stanford University have developed a privacy mechanism called Zether, which is compatible with Ethereum and other smart contract platforms. Researchers from the Stanford University and Visa Research have developed a privacy mechanism for Ethereum (ETH) smart contracts. A paper describing the mechanism was published on Stanford University’s Applied Cryptography Group website on Feb. […]
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Emaar Properties, the developer of the world’s tallest building, Burj Khalifa, has officially denied that it enabled crypto payments for property. The United Arab Emirates’ (UAE) largest real estate development firm, Emaar Properties, has officially denied reports that it enabled crypto payments for property, Bloomberg reported on Feb. 20. Known for developing the world’s tallest […]
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The Japan Association of New Economy has asked the country’s financial watchdog to reduce crypto tax from 55% to 20%. The Japan Association of New Economy (JANE) has asked the Japanese Financial Services Agency (FSA) to reduce the current tax rate for crypto trading income, Cointelegraph Japan reported on Feb. 14. Led by Hiroshi Mikitani, […]
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Mt. Gox may have crashed the Bitcoin price in 2018 by dumping $321 million on an exchange. The now-defunct cryptocurrency exchange Mt. Gox reportedly liquidated around $312 million worth of Bitcoin (BTC) throughout February and June of 2018 through a Japanese exchange called BitPoint. GoxDox, an organization that was established to assist Mt. Gox creditors, […]
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As the Year of the Earth Pig has come, it is time to look back at what happened during the previous year. Happy Chinese New Year! As the Year of the Yellow Mountain Dog has drawn to a close, it is time to look back at what happened. While there was a promising start in […]
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