Japanese crypto exchange Coincheck, which suffered a $530 million hack in January of last year, is now a licensed entity, the CoinDesk reported on January 11. Monex Group, the Japan-based online brokerage firm that acquired Coincheck for $33.5 million following the cyberattack, announced Friday that the exchange is now registered with the Kanto Financial Bureau, under the country’s Payment […]
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Tag: FSA
Japan’s Financial Regulator to Introduce New ICO Regulations
Japan’s financial regulator is set to introduce new Initial Coin Offering (ICO) regulations to protect investors from fraud, local news outlet Jiji Press reported Dec. 1. According to “informed” sources cited by Jiji, business operators conducting ICOs will be required to register with Japan’s Financial Services Agency (FSA). The agency is reportedly planning to submit bills revising financial […]
Japanese Crypto Exchange Group Gets Legal Status to Self-Regulate Industry
The Financial Services Agency (FSA), Japan’s finance regulator, has formally approved a cryptocurrency exchange association as a self-regulatory industry body, the CoinDesk reported. The FSA said in a notice on Wednesday that it has accredited the Japanese Virtual Currency Exchange Association (JVCEA) as a “certified fund settlement business association,” a status that will let the body set […]