Major Japanese exchange Coincheck to drop leveraged trading
As Japan’s Virtual Currency Exchange Association continues its efforts to have member organizations implement best practice financial management, Coincheck has announced it will end leveraged trading from March 13th, 2020.
Japanese messaging company LINE registers new cryptocurrency exchange
The company behind Japan’s most popular messaging app has been approved for a new cryptocurrency business license in the country.
Japanese exchange Bitpoint will repay customers after crypto hack
On July 14, Bitpoint Japan, a cryptocurrency exchange operated by Remixpoint, reported that crypto assets valued at about JPY 3.02 billion ( USD 28 million) had been stolen.
Japan’s FSA reports sharp drop in cryptocurrency inquiries
Inquiries relating to cryptocurrency dropped by 36 percent in the fourth quarter of 2018, according to a report from the Japanese Financial Services Agency.
5 new crypto exchanges join Japan’s Exchange Association
Continuing its expansion, Japan’s self-regulatory body — the Virtual Currency Exchange Association — is onboarding five additional exchanges into its new ‘Type II’ membership category.
Japan 2019: Oversight and education to channel crypto’s evolution
After a challenging year of hacks and upheaval, initiatives from both government and the private sector in Japan continue to aid the legitimacy and adoption of blockchain solutions
Japan’s Financial Services Agency approves first bitcoin exchanges
The Japanese Financial Services Agency (FSA) has released a list of the first 11 companies permitted to operate exchanges that trade fiat currencies against digital currencies such as bitcoin. Since the Payment Services Act (which legalized digital currencies in Japan) went into effect in April this year, all companies trading fiat for cryptocurrencies were required to register as a ‘virtual currency exchange business’. The law was enacted with the provision of a 6-month grace period to give companies the opportunity to complete registration. Those operating digital currency exchanges before the introduction of the registration system were labeled ‘deemed operators’ and fell into a few different statuses. According to the Japanese financial publication Newspicks, 17 companies remain under review,12 have chosen to shut down at their own discretion and two have not applied for registration.
