How Japan’s New Regulations Affect Bitcoin Exchanges

How Japan’s New Regulations Affect Bitcoin Exchanges

Japan has recently overtaken the US and China as the highest-volume country for bitcoin trading in the world. In April, the first Japanese bill with provisions for digital currencies including bitcoin will enter into force. It will recognize bitcoin as a method of payment, but at the same time, it will impose regulations on bitcoin exchange service....


Related News

Japan’s 3 Megabanks Have All Invested in Japan’s Biggest Bitcoin Exchange

Less than a year after raising ¥3 billion ($27 million) in a record funding round by a bitcoin and Fintech company in Japan, Tokyo-based bitFlyer now sees all three of Japan’s ‘mega-banks’ as investors in the bitcoin exchange. In an announcement today, bitFlyer, Japan’s largest bitcoin exchange and blockchain services company, revealed fresh funding from Mizuho Capital and SMBC Venture Capital, both of which are the investment arms of the Mizuho Banking Corporation and the Sumitomo Mitsui Banking Corporation respectively. The two banking corporations join Mitsubishi UFJ as investors in....

More Regulations Coming to Bitcoin Exchanges Against ‘Economic Crimes’

Europol, Interpol and the Basel Institute on Governance have revealed three focus areas for their planned regulations on cryptocurrency exchanges. Regulations are Definitely Coming. A sure sign that Bitcoin has become more mainstream and accepted than ever is the increase in regulations. Nations are looking for tax revenue from Bitcoin users, and government law enforcement agencies are treating Bitcoin just as they would any other publicly traded currency. Recently, Europol, Interpol and the Basel Institute on Governance have announced that they are going to be much more active with their....

Japan’s top brokers compete with crypto-native exchanges for market share

Japan’s biggest brokerages are looking to compete with the country’s crypto-native exchanges for digital asset market share. According to research by Messari, the top three online brokerage firms in Japan are experiencing surging revenue from their cryptocurrency exchange services.In its Asian Crypto Landscape report, Messari noted the operating revenue and net worth of exchange platforms operated by Japan’s top securities brokers is quickly catching up to that of their crypto-native rivals.Comparison of net worth and operating revenue between exchanges operated by crypto-native firms....

Binance And Japan’s Largest Financial Group Target New Stablecoin Launch In Asia

According to a recent report by CoinPost, MUTB, a subsidiary of Mitsubishi UFJ Financial Group, one of Japan’s largest financial institutions, in partnership with Binance Japan and Progmat, has announced the start of joint consideration for the development of a new stablecoin.  Leveraging the Progmat Coin platform, compliant with Japanese regulations, the collaborative effort aims […]

Japan’s Legal Bitcoin Could Do More Damage Than NY BitLicense

According to IndieSquare Co-founder Koji Higashi, new regulations in Japan, which will make Bitcoin an official form of payment, may do more harm than good for the fledgling industry in the country. Japan to Introduce Own ‘Bitlicense’. Following the disastrous demise of the infamous Japanese exchange, Mt. Gox and the arrest of its CEO Mark Karpelès, regulators in the country decided to introduce regulations for Bitcoin. The regulatory framework has been in the works for over two years. The first bill was submitted to the Diet in Japan (the legislature consisting of the Lower and the Upper....