![Japan rolls out 5 new rules for cryptocurrency exchanges Japan rolls out 5 new rules for cryptocurrency exchanges](https://coingeek.com/wp-content/uploads/2018/05/japan-rolls-5-new-rules-cryptocurrency-exchanges-380x188.jpg)
Japan rolls out 5 new rules for cryptocurrency exchanges
The Financial Services Agency has introduced five new rules that apply to both existing cryptocurrency exchanges, as well as those that plan to enter the space.
The Financial Services Agency has introduced five new rules that apply to both existing cryptocurrency exchanges, as well as those that plan to enter the space.
The company is set to buy a 40% stake in BitARG Exchange Tokyo, in a move that would see Yahoo Japan embark on the initial development stages of a new exchange, to be developed on existing BitARG technology.
In a joint manifesto, Nippon Telegraph and Telephone (NTT) and Yomiuri Shimbun Group note that rapid AI innovation could trigger the collapse of democracy and social order on a global stage.
After relaxing its digital asset listing regulations, Japan has its eyes set on improving taxation directives under a white paper being worked on by lawmaker Masaaki Taira.
Despite the exit of popular digital exchanges from Japan, industry stakeholders argue that the country is setting the pace for healthy digital currency regulation in other nations globally.
Customers withdrew a total of JPY40.1B on Tuesday, the first day Coincheck allowed users to get their money out of the troubled exchange.
A government panel tasked with drafting rules on artificial intelligence (AI) in Japan wants companies to have measures to prevent AI overreliance in what could impact global AI regulations.
Japan has reportedly begun to work on a new international SWIFT-like network for the crypto industry, minus the serious delivery times and high fees seen with the fiat alternative.
The exchange has a high-profile backer in YJFX, a subsidiary of Yahoo Japan, and was formerly known as BitARG before it rebranded to Taotao.
The FSA has quietly begun to put pressure on crypto exchanges to remove the digital currencies, assumed to be favorites by criminals.
Macau-based Blockchain Laboratory runs ICOs for other companies as a means of raising capital for businesses on the blockchain.
With BSV token now available in Japan, blockchain communities in Japan and supporters around the world can now further promote the enterprise-scale functionalities and real-world utility of the BSV blockchain.