Japan

Cryptocurrency

Japan FSA Orders Business Improvement, Closures at Crypto Exchanges

By Manesh Samtani | 10/03/2018

Five exchanges including recently-hacked Coincheck ordered to improve internal controls; two exchanges ordered to halt services.

Structural Regulation

Japan Mulls Overhaul of Approach to Financial Industry Regulation

By Garima Chitkara | 01/03/2018

New rules propose an approach focused on financial function rather than individual entities; and are expected bring traditional financial firms and fintech firms on level playing field.

Cryptocurrency

Japan FSA to Empower Self Regulatory Body for Cryptocurrency

By Manesh Samtani | 19/02/2018

Self regulatory organisation will create rules and set penalties for breaches of self-imposed rules.

Cryptocurrency

Japan Orders Internal Inspections at Cryptocurrency Exchanges Nationwide

By Manesh Samtani | 05/02/2018

All 32 cryptocurrency exchanges in Japan required to submit reports on security and risk management based on 43-item checklist.

Cryptocurrency

Cryptocurrency – You Can’t Kill an Idea

By Peter Guy | 05/02/2018

Once in a while capitalism must be rescued from the excesses of bankers and central banks. Governments can’t kill ideas, but it takes them a long time for them to concede or adapt.

Structural Regulation

Japan Govt to Draw From ‘Dormant’ Bank Accounts

By Editors | 01/02/2018

Funds from accounts with no activity for 10 years to be used to fund public projects from Q2 2019.

Cryptocurrency

UPDATED – Japan FSA Responds to $530mn Cryptocurrency Theft

By Manesh Samtani | 31/01/2018

FSA orders Coincheck to improve security, implement preventative measures; will additionally inspect security mechanisms at other cryptocurrency exchanges.

DeFi & Web3

Decentralised Crypto Exchanges Could Render Regulatory Efforts Meaningless

By Bradley Maclean | 29/01/2018

Global regulators and institutions need to work together to develop globally harmonised standards, rather than the onerous regulatory frameworks proposed […]

Cryptocurrency

Korea, China, Japan Join Hands on Cryptocurrency Regulation

By Manesh Samtani | 10/01/2018

Korea carries out bank inspections, China power cut on Bitcoin miners, Japan scrutinises banks’ cryptocurrency activities.