Tag Archives: japan

Newsflash: Japanese Prosecutors Want Former Mt Gox CEO Jailed for 10 Years

Advertisement The former CEO of the now-defunct bitcoin exchange Mt Gox, Mark Karpeles, could face up to decade in prison if prosecutors have their way. According to the Nikkei Asian Review, prosecutors are seeking a 10-year jail term for Mark Karpeles for embezzlement. Among the claims made by prosecutors at the Tokyo District Court include the fact that… Read More »

Ex-Mt. Gox CEO Karpeles Denies Embezzlement as Prosecutors Call For Ten Year Jail Term

The former CEO of defunct Japanese Bitcoin exchange Mt. Gox, Mark Karpeles, could spend ten years in jail over alleged embezzlement, Japanese daily news outlet Nikkei reported Dec. 12. Karpeles, who presided over the major hack of Mt. Gox in 2014 that resulted in the loss of 850,000 BTC ($2.87 billion), has repeated denied any wrongdoing. In a… Read More »

10-Year Jail Term Sought for Former Mt Gox CEO Mark Karpeles

Japanese prosecutors are seeking a 10-year sentence for Mark Karpeles, the former chief executive officer of now-bankrupt bitcoin exchange Mt. Gox. According to a report from The Mainichi on Wednesday, prosecutors claimed at the Tokyo District Court that Karpeles used customers’ funds for his own personal use. He reportedly transferred 341 million yen (or $3 million) of customers’… Read More »

Japanese Regulator Aims to Reduce Crypto Tax to Revitalize the Market

In October, the government of Japan hinted its plans to ease the process of taxing crypto investments to refrain impractical taxation frameworks from negatively affecting the local market. At the time, a committee of tax experts that is tasked to advise the government on taxation matters encouraged the authorities to simplify the complex process of The post Japanese… Read More »

Japanese Lawmaker Proposes 4 Changes to Ease Crypto Tax Burden

A Japanese lawmaker has proposed a number of changes to the current taxation regime in order to ease the burden for cryptocurrency users and encourage adoption of cryptocurrencies in the country. In a meeting held earlier this month, Takeshi Fujimaki, a representative of political party Nippon Ishin, said that the country’s tax system should not “crush the future” of digital… Read More »

Japanese Police See Surge in Suspicious Cryptocurrency Trade Reporting

Advertisement The National Police Agency of Japan has revealed that between January and October this year, it recorded 5,944 reports from crypto exchanges regarding suspicious cryptocurrency transactions possibly involving money laundering and tax evasion. Figures reported by Jiji Press show that from 699 cases reported last year, the numbers have multiplied more than eight-fold, which the NPA sees… Read More »

Reported Crypto Laundering Cases in Japan Reach 6,000, Eight Times Higher Than 2017

The National Police Agency (NPA) of Japan has estimated that there were around 6,000 cases of suspected money laundering relating to crypto in the nation in the first three quarters of 2018. This figure is more than eight times that of the final nine months of the previous year. Japan’s Crypto Exchange Required to Report Money Laundering Suspicions… Read More »

Japanese Police Note Uptick in Reports of Illicit Crypto Transactions This Year

There has been a significant wave of reports of suspicious cryptocurrency transactions to the police in Japan, English-language local media outlet Jiji.com reports Dec. 6. According to the report, the National Police Agency (NPA) have revealed that there have been 5,944 reports to the Japanese police about suspected illegal uses of cryptocurrencies, such as money laundering, between January… Read More »

6000 Cryptocurrency Laundering Cases Underlined by Japan Police From January to October 2018

The illegal use of cryptocurrency is often a topic of conversation these days. As reported by the officials from Japan, there were nearly 6000 cases suspected within a period of 10 months that are linked to the case of cryptocurrency laundering. On Thursday, the report has been revealed that these 6000 cases from January 2018 to October 2018… Read More »