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  • Japan’s cryptocurrency exchange engineers shortage

    According to JapanToday, when digital currency exchange Coincheck Inc explained how hackers stole $530 million in digital currency, it said that part of the problem is beyond its control: Japan lacks software engineers for the blockchain. Coincheck said that it cannot employ skilled staff to fill security gaps. Experts believe that as the cryptocurrency industry […] More

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  • Japan Financial Services Agency: At present, only 3 administrative penalties are imposed, but inspections can be conducted at any time

    At the news conference of the Japan Financial Services Agency (FSA), the spokesperson stated that although only three digital currency exchanges are currently subject to administrative penalties, it does not mean that other exchanges can sit back and relax, and that the Financial Services Agency will be able to conduct laws at any time according […] More

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  • Japan’s six virtual currency exchanges withdrew their applications for registration

    At the FSA press conference, the spokesperson stated that six digital currency exchanges have now withdrawn their applications for registration, including bit-station, dream, bitExpress, Mr.Exchange, and Tokyo Ghost. ), CAMPFIRE. In April last year, the Japanese government revised the “Financial Arithmetic Algorithm” to recognize the legal status of Bitcoin and appointed the FSA to supervise […] More

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  • Japan’s Financial Services Agency imposes penalties on three digital currency exchanges

    According to Bloomberg News, the Japan Financial Services Agency imposed penalties on Lastones Corporation, Eternal Link, and FSHO Corporation for digital currency exchanges, requiring them to improve their operations, and imposed a suspension of operations on Eternal Link and FSHO Corporation. More

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  • Japan’s cryptocurrency exchange industry association officially established

    According to the Nihon Keizai Shimbun, the Japan Virtual Currency Exchange Association was formally announced on March 29, and all the 16 exchanges registered with the Japan Financial Services Agency participated in the program. It is planned to begin the formulation of specific home-made regulations in mid-April. The self-made group is chaired by President of […] More

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  • Bloomberg: Japan plans to take the first step towards the legalization of ICO

    According to Bloomberg News, Japan plans to take the first step towards the legalization of ICO. A research team commissioned by the government plans to establish basic guidelines for the ICO. These include identifying investor rules, preventing money laundering, tracking project progress, and protecting existing stock and bond investors. A draft of this policy will […] More

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  • Japan’s Ministry of Finance will formulate cryptocurrency regulations for overseas remittances

    According to the Nikkei news, the Japanese Ministry of Finance will formulate a cryptocurrency sea remittance spec. The Japanese Ministry of Finance believes that digital currency will be used for more cross-border, domestic goods and services transactions, so the specification should be easy to understand. Settlement transactions worth more than 30 million yen should be […] More

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