Tokyo police arrest 8 linked to $68M crypto pyramid scheme
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.
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.
This week, reports surfaced that Japan's Tax Commission is considering how to simplify the current tax filing system to include cryptocurrency.
Four major companies in Japan, led by Kansai Electric Power Co. (Kepco), are coming together to conduct a research on how to harness the power of blockchain technology for distributed electricity supply.
The embattled Japanese cryptocurrency exchange Zaif has published its plan for customer financial support, in the wake of a hack that cost the firm losses of up to JPY6.7 billion ($59.7 million).
The parent company of Japanese cryptocurrency exchange Zaif, Tech Bureau, has announced that it is temporarily halting new accounts on the exchange.
Three weeks after the hack happened, the clients of Japanese cryptocurrency exchange Zaif are still waiting for their money – even though it has allegedly already made arrangements to have the funds available.