The second Japan Blockchain Conference, will once again bring together 150 expert companies and organizations in the cryptocurrency and blockchain field.
Cryptocurrency have been put in a bad light many times. In Japan an estimated 6,000 transactions were related to money laundering using cryptocurrency.
Japan regulators are now looking to introduce a new system that will report significant profits from crypto-based transactions.
Japan’s chief financial regulator, the Financial Services Agency (FSA), will reportedly roll out a new set of regulations targeting initial coin offerings (ICOs) in the country.
Japanese cryptocurrency exchange Zaif has completed the handover of its business to Fisco Cryptocurrency Exchange, just a matter of weeks after the company was hacked resulting in losses in excess of $60 million.
Police in Tokyo have arrested eight individuals in connection with a BTC pyramid scheme alleged to have swindled as much as $68.4 million from its victims.
Sompo, a Japanese insurance company, has partnered with BitPesa, a pan-African digital payment platform, as part of its bid to increase the company’s global presence.
Cybersecurity experts in Japan claimed that they have found incriminating evidence against suspected hackers of Japanese cryptocurrency exchange, Zaif.
The Financial Services Agency (FSA) has said that stablecoins are not virtual currencies under the definition provided in the Payment Services Act, in a statement that could have profound effects on how stablecoins are regulated in Japan.
The Japanese cryptocurrency exchange Coincheck is determined to operate normally with its deposit and withdrawal services have been restored.
Between July and September, Monex Group’s cryptocurrency business, which is entirely comprised of the Coincheck exchange, took in around $2.8 million. This is a 66% decline over what it reported for the previous quarter, which was approximately $8.4 million.
According to a report, the country’s Financial Services Agency (FSA) is preparing to introduce caps on the leverage possible for margin trading of cryptocurrencies.
