Asia’s Largest Stock Exchange is Honestly ‘Troubled’ by a Cryptocurrency Firm

The planned acquisition of a Tokyo Stock Exchange-listed company by a Hong Kong-based cryptocurrency firm is reportedly raising concerns within the bourse. The Tokyo Stock Exchange (TSE) is receptive, even welcoming, to foreign firms entering the Japanese market – unless they’re a cryptocurrency firm. According to the Nikkei on Sunday, the exchange operator is evidently

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Japan Targets Speculative Cryptocurrency Investments in Regulatory Revamp

Japan’s primary financial regulator is reportedly looking at updating its regulatory framework for the cryptocurrency sector to curb speculative investments. In April 2017, the Financial Services Agency (FSA) – Japan’s financial regulator – enforced new legislation that revised the Payment Services Act to recognize cryptocurrency as legal tender. The regulatory move was pioneering at the

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Japan’s Licensed Crypto Exchanges Formally Apply for Self-Regulatory Body

An association of sixteen licensed domestic cryptocurrency exchanges in Japan have formally applied for certification from the country’s financial regulator to form a self-regulatory body. The Japan Virtual Currency Exchange Association (JVCEA), a body comprised of all 16 licensed cryptocurrency exchanges, is looking to become a “certified fund settlement business association” after a formal application

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Japanese Cryptocurrency Exchanges Plan Limits on Borrowed Margin Trading

Japan’s primary self-regulatory body for cryptocurrency exchanges is finalizing a proposal to enforce a limit on the amount of funds investors can borrow for margin trading of cryptocurrencies. The Japan Virtual Currency Exchange Association (JVCEA) is proposing a 4-to-1 limit on margin trading wherein investors will only be allowed to borrow up to four times

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108-Year Old Japanese Conglomerate Hitachi Tests Blockchain for Retail Settlements

Multinational conglomerate, Hitachi Ltd, and telecommunications operator, KDDI Corporation, have disclosed they are testing a blockchain solution that will see the biometric features of shoppers being used for authentication prior to settling retail payments. Initially, the coupon settlement system will be trialed at KDDI retail stores located in Tokyo and fast food outlets of the

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Global Blockchain Spending to Hit $11.7 Billion in 2022, Fastest Growth in Japan and Canada: Report

Enthusiasm for blockchain technology in businesses and organizations continues to gather steam, with global spending on blockchain solutions expected to rise almost tenfold between 2018 and 2022. According to market research firm International Data Corporation, the global expenditure on blockchain is expected to grow at a compound annual growth rate of 73.2% to reach a

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Japanese Minister Denies Association with Cryptocurrency Firm Under Investigation

Seiko Noda, Japan’s internal affairs minister, denied having an interest in a cryptocurrency company under investigation and interfering in that investigation, according to a report in Asahi Shimbun. As a Cabinet minister, Noda could be accused of trying to influence a government investigation. Noda acknowledged that one of her aides was present at a meeting on

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Japanese Internet Giant GMO’s New Web Bank Will Use Blockchain for Payments

Multi-billion-dollar Japanese tech conglomerate GMO has launched a new internet banking business that will use blockchain technology for faster and cheaper payments and financial services. In an announcement [PDF] on Tuesday, the GMO Internet Group confirmed the launch of the GMO Aozora Net Bank in partnership with Aozora Bank Group, a joint-initiative that has been

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World’s First Bank-Owned Cryptocurrency Exchange Launches Publicly in Japan

Nearly two years after its initial announcement and months of delays this year, the world’s first bank-owned cryptocurrency exchange finally sees its public launch in Japan. With an announcement on Tuesday, Japanese financial giant SBI Holdings has formally launched its cryptocurrency exchange platform, dubbed ‘VCTRADE’. As reported by CCN in early June, SBI first announced

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Korean Crypto Giant Bithumb Eyes Japan and Thailand for Expansion

South Korean exchange Bithumb has announced that it will open new offices in Japan and Thailand. According to local news outlet ZDNet, Bithumb is awaiting the approval of Japanese Financial Services Agency (FSA) and Thai Securities and Exchange Commission (SEC). Cryptocurrency Regulations in Japan & Thailand Bithumb explained that it chose Thailand because the e-commerce and fin-tech

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