Tag Archives: Japan

Roundup 20/08/2018 – Zaif hacked: 5966 BTC lost, Texas shuts down three scams & more

Japanese exchange hacked – 5966 BTC lost The Japanese exchange Zaif was hacked, Zaif’s servers noted an unauthorized access on 14th September. However, Zaif made the incident public only yesterday. As of now, it is clear that hackers managed to steal 5966 BTC of which a majority belongs to Zaif’s customers. Zaif suspects that it […]

Roundup: 17/09/2018 – Regulation News from Japan, UK & Zimbabwe

Japan elaborates its regulation of cryptocurrencies The crypto boom does not seem to stop in Japan. As of now, more than 150 companies are waiting to get an official license from the Japanese government to run an exchange. The Japanese Yen is the fiat currency with the second biggest volume to Bitcoin after the US-Dollar. […]

Japan To Tighten Crypto Regulations

In an attempt to make the Crypto market more secure, Japan, through the Financial Services Agency (FSA) has introduced new requirements for Cryptocurrency exchanges in the country. The financial regulator now requires the exchanges to provide minutes to back and validate their decision-making process. The new move will help in identifying whether the exchanges are conducting […]

Japan Witnesses Tremendous Growth Of The Cryptocurrency Market; Mining Plans And Tokens

Three major Japanese public firms have made some major announcements in regards to their Cryptocurrency trading. These three companies; Forside, Line Corp, and Fasteps have made tremendous improvements in as far as Cryptocurrency operations are concerned. Forside, for instance, has seriously improved its mining operations with plans to have 7nm mining rigs of Bitcoin sold. On […]

Canada’s Coinsquare Exchange To Enter The Japanese Crypto Market

Coinsquare, a Canadian Crypto exchange has said that it is about to enter the Japanese market and is waiting for approval by the financial regulator in the country. The exchange will use the Dlta21x brand to enter the market. Although the exchange will first concentrate on the Japanese market, plans are underway to expand to […]

Japan’s GMO Internet Uses 7nm Rigs to Enhance Its Own Bitcoin Mining

Japan’s Internet giant GMO ventured in bitcoin mining in December last year and has released its mining report. During the mining exercise, the company used the 7nm rigs. GMO’s spokesperson spoke to news.bitcoin.com and provided more details about the project. GMO mins both BTC and BCH GMO has released a report about its mining activity, […]

Phishing Becomes Popular Among Cybercriminals Targeting The Japanese Crypto Sector

Cybercriminals are now using phishing to steal Cryptocurrencies in Japan by sending fake emails to users in the country. The number of fraudulent emails in the Japanese language has increased rapidly to around 1,500 by last autumn. Crypto Exchanges Blamed For Not Taking Adequate Measures The University of Tsukuba and Nomura Asset Management have published […]

Crypto Regulation: Weekly Roundup #26

Malta Three new crypto regulation laws Malta passes three Blockchain laws which are mainly of regulatory nature. Companies that conduct ICOs are required to publish whitepapers that outline their projects in detail. Also, they have to publish their complete financial history. The market regards this regulation as positive. While Malta hopes to attract more crypto […]

Japan To Decline An Application For Crypto Exchange

For the first time, Japanese Financial Services Agency, the financial regulator for Japan is set to decline an application for one cryptocurrency exchange. This comes just moments after the same regulator approved sixteen other Crypto Exchange platforms. Japanese First Crypto Exchange Rejection The Crypto Exchange in question has received suspension from undertaking any business related […]

New Criteria To Be Applied By Japan Crypto Exchanges

For the Cryptocurrency exchanges operating in Japan, operations would no longer be business as usual. The country’s financial regulator has imposed five new measures that will have to be followed by the exchanges. These regulations would be followed by the exchanges registering in this space for the first time as well as the existing ones. […]