Tag Archives: Japan

How Self-Regulation Could be a Game Changer for Japan’s Cryptocurrency Exchanges

  By David Drake   Japan’s cryptocurrency market has experienced numerous cyber-attacks that have led to loss of billions. With this in mind, Japan has been contemplating lawful cryptocurrency aspects for a while and its Financial Services Agency (FSA) has finally granted the cryptocurrency industry self-regulatory rights. The Japan Virtual Currency Exchange Association (JVCEA), a platform that brings together 16 […]

Key Benefits that Japan will Accrue after Regulator Approves Self-Regulation

  By David Drake   There is good news for cryptocurrency industry players in Japan. The country’s Financial Services Agency (FSA) announced that it has given its approval for the industry to regulate itself. This means the industry will now be able to provide guidelines on matters like safeguarding consumer assets and anti-money laundering policies to its 16 registered crypto […]

Japan’s FSA Hands Reins to Self-regulation Crypto Body

  By David Drake   The Japanese leg of the cryptocurrency movement has inched closer to a leading role when the Financial Services Agency (FSA) gave the green light for the industry to self-regulate. Japan was the first country to institute regulations for crypto-exchanges last year, and has since encouraged innovation in this industry. The Japan Virtual Currency Exchange Association’s […]

How Japan’s Virtual Currency Exchange Association will better Tackle Hackings

  By David Drake   Genuine interest in digital assets has been increasing as consumers and institutional investors realize attractive investment opportunities offered by the distributed ledger technology. Despite this interest, there are concerns from potential investors that stem from risks such as hacks and fraud that have manifested themselves in the industry. Naturally, governments have stepped in to protect […]

Will Japan’s Enhanced Crypto Regulations have a Positive Impact on Hacking?

  by David Drake     All over the world, cryptocurrency exchanges are becoming the target of hacking attacks. As a result, cryptocurrency investors have lost millions of dollars and this has affected their confidence in the crypto market. In the past, and most recently Japan’s crypto exchanges, have especially been largely affected by hacking which resulted in the loss of […]

Japan Tightens Regulations for New Crypto-Exchange Applications – Will It Reduce Hacking Incidents?

  by David Drake     Investors play an important role in growing the cryptocurrency industry and mainstream adoption of virtual currencies and blockchain technology. It is for this reason that Japan’s financial service agency (FSA) announced additional regulation measures as part of the new screening process for registration of cryptocurrency exchanges. Japan’s new move comes at a time when blockchain […]

Japan Ramps Up Regulations Following Hacking at Zaif

  By David Drake   Cryptocurrencies and their underlying technology, blockchain, have made it possible for developers to innovate solutions for pressing problems in different sectors. This has caused an emergence of startups such as Gath3rthat makes digital monetization easier, HFC Coin that provides blockchain backed solutions in the mortgage industry and LiveTradr that is focused on portfolio optimization. At the same time, blockchain technology […]

With Tight Screening Procedures, Will Japan’s Crypto Exchange Security Improve?

  By David Drake   Across the globe, cryptocurrencies and blockchain are increasingly gaining popularity. As such, business startups are using blockchain technology to develop services and products. Such companies include HFC Coin that provides blockchain-backed mortgage solutions, URAllowance, the family smart contracts platform, LiveTradr, a portfolio optimization project,  Qupon, the digital coupon marketplace, and Gath3r, a digital monetization platform. Japan is one of the […]

Traceable Cryptos Not Wanted in Japan’s Exchanges, Here’s Why

by David Drake   The financial regulator in Japan is working quietly to reduce cybercrime associated with cryptocurrencies. The Financial Services Agency (FSA) is hoping to persuade cryptocurrency exchanges to quit handling digital currencies largely preferred by criminals who are out to launder money and engage in other criminal activities, including terrorism. Sources that are close to the regulator confirmed […]

How Crypto-Related Cybercrime Should Be Fought

by David Drake   One of the main features of cryptocurrencies is anonymity. However, this has its dark side, and this is currently one of the major concerns in the cryptocurrency industry due to its linkage with cybercrime. In anonymous cryptocurrency trading, traders do not have to verify their identity or provide personal details. They can open virtual bank accounts […]