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Japan

Japan Has FATF Green Light to Create ‘SWIFT Network’ for Crypto: Report

Japan is said to be leading the creation of an international cryptocurrency payments network similar to banking network SWIFT. A report from Reuters on Thursday cites a source familiar with the effort as saying that the network is aimed to combat money laundering and was approved last month by the Financial Action Task Force (FATF). A …

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Japan reportedly pushes ‘international network for cryptocurrency payments’

Sponsored Links Members of idol group Kasotsuka Shojo (Virtual Currency Girls) wearing bitcoin masks look on during an interview following their live stage performance in Tokyo on January 12, 2018. KAZUHIRO NOGI via Getty Images As governments around the world try to figure out how to deal with everything from Bitcoin to Facebook’s Libra, Japan …

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Bitpoint Hack Shows That Regulators’ Scrutiny Does Not Equal Safety

On July 12, 2019, Tokyo-headquartered cryptocurrency exchange Bitpoint promptly suspended its services after noticing an error in the outgoing funds transfer system. Soon, an official announcement followed, revealing that the trading platform had lost around 3.5 billion yen (roughly $32 million) as a result of a security breach. The exchange’s administration has managed to find …

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Hacked Bitpoint Exchange Finds $2.3M in Stolen Crypto

Japanese cryptocurrency exchange Bitpoint has discovered over 250 million yen ($2.3 million) in cryptocurrency — part of a $32 million sum that was stolen last week, local English language daily The Mainichi reports on July 14. According to The Mainchi, Bitpoint found the stolen cryptocurrency on overseas exchanges that were using a trading system provided …

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Japan to Look Into the Impact of Facebook’s Libra Ahead of G7

Japanese authorities are investigating the impact of Facebook’s Libra stablecoin, The New York Times reported on July 12. Per the report, Japanese authorities have set up a working group tasked with investigating the impact of Facebook’s stablecoin on monetary policy and financial stability. The working group will reportedly consist of the Bank of Japan, the …

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Thailand Approves 4 New Cryptocurrency Service Providers

<header class=”article__header”> </header> <strong>The Thai Securities and Exchange Commission has approved four new crypto business operators to legally operate in the country. In addition to licensing a new crypto exchange, the government has officially approved the country’s first three digital token portals. Meanwhile, new rules, conditions, and procedures have been introduced for digital asset businesses.</strong> …

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Win 2019 Rugby World Cup Tickets When You Play at Games.Bitcoin.com

<header class=”article__header”> </header> <strong>Are you a cryptocurrency user and rugby fan who’s always dreamed of going to the World Cup? Here’s your chance to win tickets to the 2019 Rugby World Cup in Japan, including flights and accommodation, in an exclusive competition at Games.Bitcoin.com.</strong> Also Read: Bitcoin Cash ETP Lists on Leading Swiss Stock Exchange …

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110 Crypto Exchanges Are Reportedly Trying to Get Licensed in Japan

Japan’s interminable winter for cryptocurrency exchanges seems to have thawed. The Financial Services Agency (FSA), Japan’s top financial watchdog, told crypto news site Bitcoin.com that 110 exchanges are in “various stages of registration.” In 2018, the FSA, did not grant approval for any crypto exchanges to begin operating in the country. The year prior, the agency …

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How 10 Countries Respond to Facebook’s Libra Cryptocurrency

<header class=”article__header”> </header> <strong>A growing number of governments have responded to Facebook’s cryptocurrency plans including China, France, India, Japan, South Korea, Russia, Singapore, Thailand, the U.K., and the U.S. Several intergovernmental organizations have also weighed in such as the European Central Bank and the Bank of International Settlements.</strong> Also read: G20 Leaders Issue Declaration on …

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110 Crypto Exchanges Want to Launch in Japan – A Look at Recent Changes

<header class=”article__header”> </header> <strong>Following G20 meetings, where Japan led several discussions regarding crypto assets, the country’s top financial regulator told news.Bitcoin.com that 110 crypto exchanges are now interested in launching in Japan. The country recently passed a new cryptocurrency bill, and some approved crypto trading platforms have undergone changes.</strong> Also read: G20 Leaders Issue Declaration …

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