Category: Japan

Asian CBDC projects: What are they doing now?

Asian CBDC projects: What are they doing now?

The rapid growth of mainstream attention toward cryptocurrencies has forced the hands of numerous governments to create their digital alternatives. Over the past few years, interest from various jurisdictions has been pointed towards central bank digital currencies (CBDCs) — digital versions of government-issued fiat. Given their capacity to use blockchain technology to facilitate a simplified […]

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Japanese financial regulator considers imposing stricter crypto rules

Japanese financial regulator considers imposing stricter crypto rules

The new regulation will be designed to provide better protection to Japanese investors. Japan’s financial regulator, the Financial Services Agency (FSA), has started discussions around imposing stricter regulations for cryptocurrencies in an effort to provide better protection to Japanese investors. Back in July, the FSA established a dedicated section, as well as a panel of […]

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Operating a crypto exchange in Japan is ‘rather tough,’ FSA chief admits

Operating a crypto exchange in Japan is ‘rather tough,’ FSA chief admits

Japan’s newly appointed Financial Services Agency Commissioner Junichi Nakajima believes Bitcoin is a quick way to transfer cash, but people use BTC for speculation and investment. 335 Total views 35 Total shares The new commissioner of Japan’s Financial Services Agency (FSA), Junichi Nakajima, believes the country needs to think carefully before making Bitcoin (BTC) and other […]

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Binance faces regulatory upheaval as lawmakers target ‘global’ exchanges

Binance faces regulatory upheaval as lawmakers target ‘global’ exchanges

The world’s largest cryptocurrency trading platform, Binance, has faced regulatory upheaval over the past week as jurisdictions clamped down on the use of unauthorized exchanges and warned citizens against accessing them. For Binance, adopting the moniker of “global exchange” has done very little to appease regulators that require specific licenses to offer financial services to […]

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