Japan Weighing Bitcoin Exchange Rules Amid Mt Gox Investigation
This story has been updated with comment from the Federal Services Agency. Japanese government officials are weighing whether to regulate bitcoin exchanges in the wake of new developments in the ongoing investigation of Mt Gox. Media reports from The Japan Times and The Japan News suggest that the government, including those from the country's Financial Services Agency, may seek to implement a registration system for exchange operators. Such a framework may include a licensing scheme and user identification requirements. The Times quoted Finance Minister Taro Aso who said that government....
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The Japan Virtual and Crypto Assets Exchange Association (JVCEA) plans to allow crypto trading platforms to list coins without going through a lengthy screening process. “We hope the latest measure will help revitalize Japan’s crypto assets market,” said the vice chairman of the association. Relaxing Listing Rules for Cryptocurrencies The Japan Virtual and Crypto Assets Exchange Association (JVCEA) is planning to loosen crypto listing rules to make it easier for trading platforms to list cryptocurrencies, Bloomberg reported Wednesday, citing a document it has seen. The....
Japan’s crypto regulator has planned to ease the rules which surround the listing of coins and tokens. This move will make the listing of virtual coins a lot easier. At the moment, crypto exchanges that want to list their tokens and coins have to get them screened by the Japan Virtual and Crypto Asset Exchange […]
Authorities in Japan are planning to introduce tougher new rules for crypto operators as part of efforts to prevent Russia from using cryptocurrencies to evade sanctions. The legislative initiative comes after Tokyo asked digital asset exchanges to strengthen transactions monitoring this month.
Government of Japan to Close Loopholes for Russians in Crypto Space
Amid concerns that Russia and its elites may employ cryptocurrencies to circumvent international sanctions, Japanese authorities are going to stiffen regulations for cryptocurrency exchanges. The platforms will be....
Citing unnamed but informed sources, Japanese publications are reporting that a working group under the Financial System Council have complied a draft of Japan's first ever cryptocurrency regulations. Under the new proposed rules, bitcoin exchanges and those dealing with virtual currencies must register with the government to fall under a regulatory framework. The rules, as reported by The Japan Times, are drafted by a working group under the Financial System Council (FSA). The proposals and discussion for the new rules began yesterday, while the bills required to enact the new rules and....
An undercover investigation revealed that both registered and unregistered crypto platforms in Canada have exploited the country’s regulatory loopholes and facilitated violations of Anti-Money Laundering (AML) rules. Related Reading: Japan Signals Big Shift: FSA Set To Classify Crypto As Financial Products Canada’s Crypto-Cash Service Compliance Concerns On Monday, CBC News shared a joint investigation with […]