Posts Tagged ‘Japan’

Japan’s Third Largest Utility Tests Bitcoin On Lightning

Japan’s third-largest electricity provider Chubu Electric Power Co. is emerging as one of the first major companies in the world to trial a promising bitcoin payments technology. The company has entered into a proof-of-concept with local bitcoin and Internet of Things (IoT) startup Nayuta, exploring how bitcoin payments can be made via the Lightning Network, an in-development protocol that […]

Japan suspends trade on 2 cryptocurrency exchanges

Japan’s Financial Services Agency has ordered two cryptocurrency exchanges — Bitstation and FSHO — to stop doing business for a month. Five others, including Coincheck, were instructed to improve internal controls and report back to the regulator. The action follows an investigation into digital currency exchanges that found poor compliance with anti-money laundering standards, badly […]

Japan’s Finance Watchdog Eyeing ICO Regulation, Says Report

Japan’s Financial Service Agency is considering the revision of relevant laws and regulations in an effort to regulate ICOs in Japan, amid the growing popularity of token sale activities within the territory. The report indicates that Japan currently has no clear regulations covering ICOs specifically, while the existing bitcoin payment law that went into effect […]

Japan’s cryptocurrency industry to launch self-regulating body

The Japan Blockchain Association and the Japan Cryptocurrency Business Association are expected to merge as early as April to form a self-regulating body, seeking to better safeguard investors after last month’s $530 million heist of digital money, sources involved in the negotiations said. The Japan Cryptocurrency Business Association said in a statement that nothing has […]

PRIMER: ICO regulation in Asia

In Asia, China, Hong Kong, Singapore, Japan and South Korea are some of the most active jurisdictions in cryptocurrency trading, prompting regulators to make changes to existing laws. Some, such as China and South Korea, have banned ICOs, while others have issued clarification statements on ICOs, warning potential investors on the possibility of fraud. Many […]

Japan Cracks Down on Foreign ICO Agency Operating Without License

Japan’s Financial Service Agency (FSA) will issue a warning to an unregistered ICO agency, which has been conducting business in Japan without a license. The warning will be issued to Blockchain Laboratory, based in Macau. The FSA has repeatedly advised the company to halt its business activities in Japan, without success. According to the officials of the […]