Bank of Japan Deputy Governor Downplays Cryptocurrency Plans

Masayoshi Amamiya, Bank of Japan’s Deputy Governor, stated on Saturday that it was unclear whether digital currencies could enhance the monetary policies of central banks.  He elaborated that the Bank of Japan had no plans whatsoever to issue a cryptocurrency. Ongoing Debate Mr. Amamiya said that there was “quite a hurdle” for cryptocurrencies to overcome […]

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How the Recent $60m Crypto Hacking Attack Will Impact Japanese Market

Zaif, a major crypto exchange in Japan, was hacked this week, losing nearly $60 million in user funds in a high profile security breach. Local publications including Japan Times reported that 6.7 billion yen was stolen by an unknown group of hackers, 2.2 billion yen in corporate funds and 4.5 billion yen in user funds […]

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Japan’s New FSA Chief Backs Crypto Industry Growth

The new head of Japan’s primary financial regulator has backed the domestic cryptocurrency sector to grow while ruling out ‘excessive’ regulation for exchanges. In statements certain to encourage the domestic cryptocurrency sector, Toshihide Endo, the newly appointed commissioner of Japan’s Financial Services Agency (FSA), told Reuters that the authority is aiming to ‘strike a balance’ […]

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Japanese Conglomerate Hitachi Tests Blockchain for Retail Settlements

Multinational conglomerate, Hitachi Ltd, and telecommunications operator, KDDI Corporation, have disclosed they are testing a blockchain solution that will see the biometric features of shoppers being used for authentication prior to settling retail payments. Initially, the coupon settlement system will be trialed at KDDI retail stores located in Tokyo and fast food outlets of the […]

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Binance Donates $1 Million Towards Victim Relief for West Japan Floods

Binance, the world’s largest cryptocurrency exchange, pledged $1 million for the victims of the floods in West Japan. In an official post, Binance stated: “To help out the victims in West Japan that were affected by the heavy rains on 7/7/2018, Binance is donating $1,000,000 USD and calling for our crypto friends and partners to […]

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20 Percent? Japan’s Finance Minister Ponders Crypto Tax Policy Change

Japan’s minister of finance has discussed the possibility of changing the country’s current capital gains policy which sees crypto investors face between 15 and 55 percent in taxes. Taro Aso, Japan’s minister of finance and the deputy finance minister, was in attendance at Upper House budget committee meeting on Monday when a senator posed the […]

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Japan Slaps 6 Crypto Exchanges with Business Improvement Orders

Japan’s financial regulator has targeted six licensed cryptocurrency exchanges to issue business improvement orders, ramping up its scrutiny of the sector. Following on-site inspections into a number of exchanges, Japan’s Financial Services Agency – the country’s financial regulator and watchdog – has ordered half a dozen licensed exchanges to rehaul and improve their management systems […]

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SBI Launches Japan’s First Bank-Backed Crypto Exchange

Japanese financial giant SBI Holdings announced on Monday that its in-house cryptocurrency exchange is now live, after a months-long delay due to security concerns. Called VCTRADE, the service is currently only open for users who have pre-registered with the platform in October 2017, the company said in the announcement and expects it to be available for […]

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Central Bank Cryptos, Vitalik Trolls and Hard Forks: This week in Crypto

Join our community of 10 000 traders on Hacked.com for just $39 per month. Make sure you check out last weeks post here, now let’s go over what happened in crypto this week.  Price Watch: Bitcoin is up 3%  this week gaining back some of the 20% it lost last week. The price was largely sideways […]

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Japanese Banking Group SBI Postpones Cryptocurrency Exchange Launch

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Japanese financial services giant SBI Group has delayed the launch of its cryptocurrency exchange after determining it had to further strengthen security measures. In an announcement this week, the SBI group confirmed the postponement of the launch of its cryptocurrency exchange, SBI […]

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