Japan is one country which is trying to regulate the cryptocurrency industry with the liberal mindset. That is why, the FSA of Japan, financial services agency is not only providing licenses to cryptocurrency exchanges but also actively monitoring the security of these cryptocurrency exchanges. Recently, it issued an order that...
Cryptojacking is becoming more and more popular in Japan. Cryptojacking involves the use of computers and machines without the permissions of the users in order to mine the cryptocurrencies. As a result, the Japanese police is cracking down on such hackers which are using the machines without any authorization. In...
Japan was shocked by the $500 million hack of the cryptocurrency exchange a few months back. Ever since then, the financial services agency is conducting proper inspections before issuing any licenses to the cryptocurrency exchanges. Up until now, the financial services agency of Japan has not rejected the application of...
The regulatory framework globally pertaining to cryptocurrencies is not that strong. That is why Japanese authorities are finding it difficult to curb money laundering with the help of cryptocurrency networks. Mainichi Shimbun recently confirmed that in a single case, ¥ 30 billion was transferred through various cryptocurrency transactions in 2016 alone....
According to news from Japan on May 7, the current pillar of the semiconductor industry in Japan is gradually shifting. They are moving from mobile semiconductors to cryptocurrency mining machine semiconductors. Such a trend in Japan is not new. In the past 10 years, with the rise of the mobiles,...
The Japanese Financial Services Agency (FSA) has 5 new rules for all crypto exchanges. All new and existing exchanges must follow these rules. According to Nikkei, The FSA aims to protect the assets of the customers. Also to promote compliance for crypto exchanges. This is all due to the recent...
