Latest Japan News

Stablecoins are not cryptocurrencies, Japan’s FSA confirms
Business 31 October 2018

Stablecoins are not cryptocurrencies, Japan’s FSA confirms

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 Coincheck crypto exchange has lost $5 million this quarter
Business 30 October 2018

Coincheck crypto exchange loses $5 million in Q3

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.

Zaif hack victims still haven't been paid
Business 5 October 2018

Zaif hack victims still haven’t been paid

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.