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Could Japanese Regulatory Change Provide New Boost for Crypto?
12.9.2022
Regulations governing crypto could be set for a change – with the sector’s governing body preparing to reform laws that pertain to stablecoins and security tokens. Trust banks could also be given the power to handle crypto, as is already the case in the United States....
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Japan Asks Crypto Exchanges to Comply With Sanctions Restrictions — Penalty Includes 3 Years in Prison
15.3.2022
Japan’s top financial regulator has asked cryptocurrency exchanges in the country not to process transactions subject to asset-freeze sanctions. The penalty for unauthorized payments to sanctioned persons includes three years in prison. Japan’s Financial Regulator and Ministry...
Japan Looks to Stop Sanctioned Russian Entities From Transferring Crypto Assets
6.3.2022
As financial authorities around the world continue to target sanctioned Russian entities, regulators in Japan along with the country’s crypto association are attempting to find and close gaps that may be used to circumvent sanctions. The two bodies, however, have said they are not discussing...
Japanese Regulator Eyes Stablecoin, Wallet Provider Regulations in 2022
7.12.2021
Japan’s top financial regulator will block firms outside the world of conventional finance from issuing fiat-pegged stablecoins, a leading media outlet has claimed.
Per reports in both Japanese and English from Nikkei, the Financial Services Agency (FSA), the government organ that oversees...
Japan to Propose Restricting Stablecoin Issuers to Banks and Wire Transfer Companies
7.12.2021
Japan’s top financial regulator, the Financial Services Agency (FSA), is reportedly planning to propose legislation to restrict stablecoin issuance to banks and wire transfer companies. Crypto service providers involved in stablecoin transactions, including wallets, will also be brought...
Crypto Derivatives Exchange Bybit to Introduce Stringent KYC Policy
7.7.2021
The British Virgin Islands-based Bybit Fintech Limited has announced the cryptocurrency derivatives exchange is introducing an updated know-your-customer (KYC) policy on July 12. Bybit notes that it already had certain KYC requirements implemented, but the new system reform is meant...
Regulators in UK, Japan Issue Warnings on Binance Amid Crackdown on Unauthorized Crypto Exchanges
27.6.2021
Top financial regulators in England and Japan have independently issued warnings on Binance for offering crypto exchange services to residents of the two countries without being registered with the regulators as required by law. Japanese Regulator’s Warning Japan’s top financial...
Coinbase Approved to Enter Japanese Cryptocurrency Market
23.6.2021
Coinbase is now registered as a cryptocurrency exchange to operate in Japan. The Japanese financial regulator has approved Coinbase to trade five cryptocurrencies. Japan’s top financial regulator, the Financial Services Agency (FSA), announced last week that it has registered Coinbase as...
Japan’s Top Financial Watchdog Sends a Warning Crypto Derivatives Exchange Bybit
31.5.2021
The Japanese government’s Financial Services Agency (FSA) has issued a warning to the crypto derivatives exchange Bybit claiming that the trading platform is allowing residents of Japan access to the exchange. The news follows the Bank of Japan Governor Haruhiko Kuroda criticizing digital...
Japanese Regulator Aims to Implement FATF Rules Toward Crypto Companies in 2022
3.4.2021
Japan’s Financial Services Agency (FSA) has revealed that the regulating body will adopt the Financial Action Task Force (FATF) “travel rule” and standards toward the cryptocurrency industry throughout the nation. Meanwhile, FATF’s rule has been considered far-reaching...
Enjin Coin Becomes the First Gaming Cryptocurrency Approved by Japanese Regulators
21.1.2021
Enjin coin became the first gaming cryptocurrency approved in Japan after clearing out the well-known tough country regulator’s requirements. The green light is possible through a partnership with Hashport. ENJ Is Set to Be Listed in Coincheck on January 26 According to the announcement...
BitGo Will Provide Cold Storage Crypto Support for Japan’s Bitgate
3.9.2020
Bitgate has tapped BitGo to help it provide cold storage services to Japanese customers
Japan’s New FSA Chief Stands Firm on Crypto Regulation, Calls for Push on Digital Yen
7.8.2020
The incoming commissioner of the Financial Services Agency has said the regulator will not soften rules on cryptos
New Head of Japan’s Financial Services Agency is Crypto-Friendly
8.7.2020
The Japanese government will appoint Ryozo Himino as the next commissioner of Japan's Financial Services Agency
Japanese Finance Minister Shoots Down Plan to Cut Bitcoin Tax to 20%, Cites Crypto-Divide
4.6.2020
Japan’s finance minister Taro Aso says he is opposed to reducing tax on bitcoin income to 20%, on par with stock dividends, arguing that most Japanese households find it difficult to invest in digital assets. The development suggests that Japan will uphold its current definition...
Bitcoin ETFs in Japan: FSA Explains New Rules for Funds Investing in Cryptos
7.2.2020
Japan’s top financial regulator, the Financial Services Agency (FSA), has explained to news.Bitcoin.com its recently adopted rules regarding the creation and sale of cryptocurrency exchange-traded funds (ETFs). Meanwhile, Japan now has a crypto index, launched by major Japanese companies....
Cryptocurrency Donations to Politicians Legal In Japan Says Internal Affairs Minister
8.10.2019
Crypto donations are legal and do not need to be approved for political donations like cash or securities
Monex Offers Crypto Rewards to Shareholders Furthering Japanese Adoption
26.9.2019
Owner of popular Japanese crypto exchange Coincheck, Monex Group, has now announced it will reward shareholders in the company with crypto. Shareholders are to receive a BTC dividend provided they have a Coincheck account. With Japan viewed as one of the top crypto adoption hotspots globally,...
FSA Records a Sharp Fall in the Cryptocurrencies Enquiries Volume
3.9.2019
The journey of cryptocurrencies, since Bitcoin’s inception in 2009 till today when over 4,000 altcoins are trading in the market, has seen its share of ups and downs. Where a surge in the rates of cryptocurrencies makes it shine as a potential asset, plummeting rates of the same often makes it...
Bitpoint, Japanese Crypto Exchange, Re-opens for Trade Services after $28 million hack in mid of July
6.8.2019
Bitpoint, Japanese crypto exchange is re-opening a portion of its exchanging services following 28 million dollar hack in mid-July. Furthermore, Bitpoint is re-opening its withdrawals and cash deposits in Fiat on the sixth of August after a security evaluation of the exchange’s digital...