Japan Moves Crypto Under Financial Law, Toughens Penalties For Fraud
Japan had over 13 million crypto accounts when its financial regulator started fielding more than 350 fraud complaints every month. Those numbers helped push the government toward a major regulatory overhaul — one that officially cleared the cabinet this week. Related Reading: Trump Memecoin Event Fine Print Says He May Not Show Up — Senators […]
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A patch has been available for nearly a year, but millions of Android users may still be running vulnerable crypto wallet apps — leaving their funds and private keys exposed to a known security flaw. Related Reading: Japan Moves Crypto Under Financial Law, Toughens Penalties For Fraud Microsoft’s Defender Security Research Team went public last […]
Taiwanese authorities have approved a new draft of their crucial crypto legislation, introducing severe penalties for unlicensed or fraudulent activities related to stablecoins and other digital assets. Related Reading: Coinbase Secures Conditional OCC Approval For National Trust Charter – Details Taiwan Approves $6M Fines To Combat Crypto Fraud On Friday, local news outlets reported that […]
Of the 75 enforcement actions on crypto brought by the commission from 2013 to 2020, the majority involved allegations of fraud or unregistered securities offerings. The United States Securities and Exchange Commission was one of the top regulatory enforcers for cryptocurrency projects in the last seven years, resulting in $1.77 billion in penalties.According to a report released yesterday by Cornerstone Research, the Securities and Exchange Commission, or SEC, brought 75 enforcement actions against crypto firms and individuals from July 1, 2013 to Dec. 31, 2020, mainly involving....
Japan’s top financial regulator, the Financial Services Agency (FSA), has issued a business suspension order to FTX Japan, the Japanese subsidiary of FTX.com. The financial watchdog has also ordered the crypto exchange to submit a business improvement plan by Nov. 16. Japanese Regulator Takes Action Against FTX Japan Japan’s Financial Services Agency (FSA) announced Thursday that the Kanto Local Finance Bureau has taken action against FTX Japan, the Japanese subsidiary of Sam Bankman-Fried’s embattled crypto exchange FTX.com. Three orders have been issued against the....
According to a recent Bloomberg report, Japan’s top financial regulator is pumping the brakes on approving crypto-based exchange-traded funds (ETFs), taking a more conservative stance than regulators in some other countries. Crypto ETF Expansion Faces Headwinds In Japan Hideki Ito, commissioner of Japan’s Financial Services Agency (FSA), emphasized the need for “cautious consideration” when greenlighting […]