Why Japan Could Ease Crypto Regulations To Revitalize Economy
Per a report from Bloomberg, crypto investors in Japan might soon benefit from a change in the country’s regulation. The Japanese Financial Service Agency (FSA) has filed a proposal that would grant benefits to individual and corporate investors in the digital asset sector and the legacy financial sector. Related Reading: Hodlnaut Under Creditor Protection Following […]
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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....
The Japan Virtual and Crypto Assets Exchange Association says it plans to make it easier for authorized exchanges to list digital currencies by loosening the screening process. The Japan Virtual and Crypto Assets Exchange Association, the governing body that deals with crypto assets in Japan, released documents of plans to further ease crypto laws in the country. According to a Bloomberg report, as early as December of this year, the association wants to implement a looser screening process for already authorized exchanges to list virtual coins. However, this would apply to tokens that are....
Japan plans on implementing a 28 trillion yen stimulus package to aid its stagnating economy. Prime Minister Shinzo Abe announced the package on Wednesday, valued at about $265 billion USD. The package, meant to give the Japanese economy a boost, will consist of large increases in government spending, both at the local and national level, as well as loan programs. The details of this package are to be announced sometime next week. According to Mitsubishi UFJ Morgan Stanley Securities’ senior economist Hiroshi Miyazaki, the amount planned is so large that it will be difficult to spend, and....
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 […]
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....