Tag Archives: japan

Japanese Financial Regulator Receives 190 Cryptocurrency Exchange License Applications

The Japanese Financial Services Agency (FSA) received 190 cryptocurrency exchange license applications, an unnamed FSA staff member told Cointelegraph Japan on Dec. 28. The FSA has given the local crypto industry self-regulatory status, certifying the Japanese Virtual Currency Exchange Association (JVCEA) to oversee the space. The JVCEA is now expected to develop anti-money-laundering (AML) policy and providing guidelines… Read More »

Major Hong Kong Winemaker is Buying a Japanese Cryptocurrency Exchange

A major winemaker, listed on the GEM board of the Hong Kong Stock Exchange is to acquire a majority stake in a Japanese cryptocurrency trading platform. The deal is meant to “achieve a better return” to the company’s shareholders. In Search for Diversification Madison Holdings Group – a $534 million winemaking company listed on the GEM board of… Read More »

Mt Gox CEO Mark Karpeles Claims Innocence as Trial Nears End

In his closing arguments in a Tokyo court, Mark Karpeles, former CEO of collapsed bitcoin exchange Mt. Gox, has restated his innocence in the events that saw the firm lose millions in customer funds and ultimately go bankrupt. He faces charges of embezzling approximately 340 million yen (over $3 million) from the exchange and fraudulently manipulating Mt. Gox… Read More »

Former Mt. Gox CEO Karpeles Declares Innocence in Final Argument

Mark Karpeles — the former CEO of now-defunct cryptocurrency exchange Mt. Gox — has affirmed that he is not guilty in the final argument for his trial, Cointelegraph Japan reports Dec. 27. In court in Tokyo on Thursday, Karpeles apologized for not being able to avoid his exchange being hacked, but also reiterated the idea that he is… Read More »

Former Mt Gox CEO Mark Karpeles Claims Innocence as Trial Nears End

In his closing arguments in a Tokyo court, Mark Karpeles, former CEO of collapsed bitcoin exchange Mt. Gox, has restated his innocence in the events that saw the firm lose millions in customer funds and ultimately go bankrupt. He faces charges of embezzling approximately 340 million yen (over $3 million) from the exchange and fraudulently manipulating Mt. Gox… Read More »

Dow Jones Recovers by 5% But Why Are Investors Still “Shell-Shocked”?

SkyBridge Capital Senior Portfolio Manager Robert Duggan Following a troubling performance on Christmas Eve, on December 26, the Dow Jones recorded a 5 percent increase of more than 1000 points, avoiding a bear market. Technology stocks in the likes of Amazon have recorded strong daily gains possibly due to the oversold conditions the market demonstrated. During Christmas, the… Read More »

Japan’s Internet Giant GMO Quits Mining Hardware Bussiness

GMO Internet says it will no longer develop, manufacture, and sell Bitcoin mining hardware following significant losses incurred in Q4 2018. The Japanese IT company will instead focus on its in-house mining activities following a comprehensive revenue review. GMO Internet Downsizing Bitcoin Mining Operations In a statement Dec. 25, 2018, the IT behemoth announced the shuttering of its cryptocurrency… Read More »

Japanese Giant Mizuho Financial Group to Introduce Digital Currency for Cashless Payments

Japan’s Mizuho Financial Group plans to introduce a digital currency to be used for remittances and payments in March, English-language Asian media Nikkei reports Dec. 26. According to the article, the fees that the retail shops will be required to pay for accepting the currency will be significantly lower than the fees charged for credit card usage. The… Read More »

BitMEX and Hong-Kong Listed Wine Firm Plan Joint Foray Into New Japanese Crypto Exchange

Crypto exchange BitMEX and a fine French wine retailer are reportedly partnering to acquire a majority stake of licensed — but as yet inactive — Japanese crypto exchange BitOcean. Cointelegraph Japan reported on the potential partnership on Dec. 21. Madison Holdings Group, which is currently listed on the Growth Enterprise Market (GEM) of the Hong Kong Stock Exchange,… Read More »

New Remittances System to Tackle Crypto Volatility When International Payments Are Made

A Japanese fintech company has unveiled a system that is designed to address the price volatility seen when cryptocurrencies are used for remittances. Atom Solutions says that, at present, the options for foreign workers who need to make overseas remittances are imperfect. While costs can be high when they try to complete transactions through a traditional bank, an… Read More »