Category: japanese

  • Japan’s SBI Unveils New Plans to Start an Exchange for Major Cryptocurrencies

    Japan’s SBI Unveils New Plans to Start an Exchange for Major Cryptocurrencies

    Japan’s SBI Holdings has reportedly unveiled new plans for its cryptocurrency exchange. The company has set a target launch date and is preparing to list major cryptocurrencies. The group’s CEO expects the new exchange to “be number one in the blink of an eye.” Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Revised Launch…

  • Coincheck Recorded Profit Despite the Hack While Victims Hit with Taxes

    Coincheck Recorded Profit Despite the Hack While Victims Hit with Taxes

    Japanese exchange Coincheck is still profitable after suffering one of the biggest hacks in cryptocurrency history. The exchange recorded an estimated writedown of 47.3 billion yen (~US$432.56 million) for the funds used to compensate customers. Victims, however, were slapped with tax bills. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space A Writedown for Coincheck…

  • Another Crypto Exchange Ordered to Improve by Japanese Regulator

    Another Crypto Exchange Ordered to Improve by Japanese Regulator

    The Japanese financial regulator has targeted another cryptocurrency exchange for improvement after an on-site inspection revealed inadequate standards. The exchange must comply and submit a written report next month. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Another Exchange Punished The Japanese Financial Services Agency (FSA) has issued another “administrative punishment order” to a…

  • Philippines Welcomes Crypto Economic Zone

    Philippines Welcomes Crypto Economic Zone

    After hemming and hawing in its strange relationship with cryptocurrencies and the businesses they imply, the Philippine government decided to make room for a set aside economic zone. The scheme is offered in hopes of generating more tax income, employment for its people, and perhaps a dedicated crypto university. Also read: Telegram Urges Paper Airplane…

  • 16 Regulated Crypto Exchanges Unveil Plans to Restore Public Trust in Japan

    16 Regulated Crypto Exchanges Unveil Plans to Restore Public Trust in Japan

    The new Japanese cryptocurrency association comprising of sixteen government-approved exchanges debuted on Monday. The group has unveiled its plans to spearhead self-regulation in order to rebuild the public’s trust in the crypto industry. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space New Japanese Association Debuts Sixteen fully-licensed cryptocurrency exchanges in Japan have formally launched…