Japan’s central bank will uphold simplicity in its design of a CBDC, with a senior official saying this is key in making it interoperable with payment systems.
The regulations are expected to be brought in before summer next year, with a view to provide greater consumers and investors protection.
Liquid Exchange confirmed that the attackers had targeted its hot wallets and made away with 100+ BTC, 9 million XRP and tens of millions of ERC-20 tokens.
FSA chief Junichi Nakajima believes the country needs to investigate further on the merits of digital currencies before making it easier for investors to access them.
The country’s financial services regulator has reportedly established a new unit that will oversee the industry, even as the Finance Ministry increases its headcount to better police the rapidly growing industry.
Oz Project claimed to guarantee users that they would get 100% of the principal they put in as well as “2.5 returns on their investment in four months,” according to local media reports.
Binance came under regulatory fire on three continents in the space of a single weekend, another sign that the enforcement walls are rapidly closing in on the troubled cryptocurrency exchange.
In a “Notice of Release of Online Voting Function,” the court-appointed trustee Nobuaki Kobayashi has invited creditors to consider and vote for the plan, should it meet their approval.
The Financial Services Agency said Bybit is allowing Japanese residents to register and leverage the exchange, despite not having the proper registration to offer such services in the country.
With the addition of George Siosi Samuels as the Ambassador for the South Pacific and Masumi Hamahira as another Ambassador for Japan, Bitcoin Association now has 22 Ambassadors representing 23 countries and territories.
The central bank of Japan has started the first phase of a feasibility study with a goal of testing the CBDC’s basic functions including issuance, distribution and redemption.