Category: N-Economy
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South Korean Lawmaker Proposes Special Crypto Zone for ICOs
A South Korean lawmaker has reportedly proposed designating a regulation-free special cryptocurrency zone aimed at initial coin offerings. It has been about a year since token sales were banned in the country but the government has yet to introduce any guidelines for them. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals Proposal…
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Japan’s Largest Bank Experiments Using Own Crypto at Convenience Store
Mitsubishi UFJ Financial Group, one of the world’s largest financial groups, has been experimenting with using its own cryptocurrency, the Mufg coin, for payments at a convenience store for employees. This week, a local publication reported on the progress of the experiment. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Payments at Convenient Store Mitsubishi…
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Exchanges Round-Up: Price Spread and Institutions, Brazil Surveys Exchanges
In recent news pertaining to exchanges, Sfox has attributed a reducing spread in the price of BTC across exchanges to the increased presence of institutional investors in the cryptocurrency markets, Brazil’s government has issued a questionnaire to three local crypto exchanges seeking to obtain data pertaining to their operations, and data from the United States…
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Japan’s National Police Installing Crypto Transaction Tracking System
The Japanese National Police Agency is reportedly installing a system to track the flow of crypto transactions in order to aid investigations of cryptocurrency-related cybercrime. The system is expected to be limited to major cryptocurrencies, according to local media. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Tracking Crypto Transactions Japan’s National Police Agency…
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Rakuten Acquires Crypto Exchange to Fast-Track Into the Japanese Market
Japanese mega e-commerce and internet company Rakuten Inc. is entering the crypto space. Instead of submitting a new application to the country’s financial regulator, Rakuten is acquiring an existing crypto exchange to fast-track into the Japanese crypto market. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Rakuten to Operate Crypto Exchange Rakuten Inc. announced…
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160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals
Japan’s top financial regulator has revealed exclusively to news.Bitcoin.com the number of crypto exchanges seeking to enter the Japanese market. The agency also confirms the number of existing exchanges that have exited the industry, leaving only three applications currently being reviewed. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Three Quasi-Operators Are Left Cryptocurrency…
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Korean Province to Replace Local Currencies With Crypto
An eastern South Korean province plans to issue its own cryptocurrency to replace the local currencies of its nine cities, according to local media. An exchange will be established for the new crypto. The coins can be used for payments within the province and merchants can accept them using smartphone QR codes. Also read: Yahoo! Japan…
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Reserve Bank of India Anticipates Shift to P2P Crypto Trading
India’s central bank has released its latest annual report which includes a section dedicated to cryptocurrency. The Reserve Bank of India outlines the risks posed by crypto and emphasizes the need to monitor crypto development in anticipation that some trading may shift from exchanges to peer-to-peer (P2P) mode. Also read: Yahoo! Japan Confirms Entrance Into the Crypto…
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Hong Kong Seeks Fintech Talent, DLT Experts
Authorities in Hong Kong have taken steps to attract fintech specialists who can support its economic development. The government of the Chinese region has prepared a list of needed professions from several related fields, including distributed ledger technologies and asset management. Also read: China Escalates Crackdown, Russia Chases Shadows, UK Warns of Scams Hong Kong…
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Japanese Actress Helps Tokyo Police Raise Crypto Cybersecurity Awareness
A Japanese actress and singer has helped the Tokyo Metropolitan Police Department raise awareness on cybersecurity issues, including cryptocurrencies. She reportedly took on the role of a cybersecurity manager in an event hosted by the department where participants learned about cybercrime countermeasures. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Rie Kitahara Raises Cybersecurity…