Japan’s Financial Services Agency (FSA) is ‘quietly’ pressuring local cryptocurrency exchanges to delist privacy-focused altcoins such as Monero, Zcash, and Dash.
Exclusive: Makoto Takemiya of Soramitsu on the State of Affairs in Japan’s Bitcoin and Blockchain Industry
Summer 2017 was hot in every sense of the word. Aside from the drama that resolved with bitcoin hardforking into two, there were several major conferences and other events like Hyperledger Hackfest in Odessa DataArt center. There, renowned speakers shared their experience of work in blockchain projects, and held several.
According to media reports, Japan’s Financial Services Agency, the country’s financial regulator, is weighing on abandoning the 8% sales tax which bitcoin and other cryptocurrencies are currently subject to.
One of the world’s leading bitcoin exchanges Kraken has announced it raised significant funds during Series B investment round from a Japan-based currency brokerage company Money Partners Group. Parties did not disclose details of the deal, so the exact amount of the investment is unknown. Kraken’s CEO Jesse Powell said.
Japanese venture capital firm SBI stated it would invest in bitcoin exchange Kraken, Reuters report. The deal is a part of Kraken‘s Series B investment round, and follows its recent merger with two North American bitcoin exchanges, Coinsetter and Carvitex. The terms of the investment, however, are kept undisclosed. Jesse.
Bank of Tokyo-Mitsubishi UFJ, Japan’s biggest bank, has its own virtual currency dubbed MUFG Coin under development. Also it has finalized its pilot app. The news come from a post on Reddit by user jonny1000 who provided translation of a brief piece from Japanese publication Asahi. The publication itself references.
Lately Ripple wasn’t performing as good as some other cryptocurrencies on the market. Ethereum even briefly replaced it on the 2nd position of market cap rating. People expected it to get flattened out by Ethereum any moment. They were eating popcorn watching the company’s native token XRP sinking. However, as.
A dedicated working group at Japan’s Financial System Council is said to have prepared a draft proposal as to providing regulation framework for digital currency.