Bitcoin, Ethereum Slide Back in to Red as Market Reacts to Japanese Regulation, South Korean Tax Confusion

Bitcoin, Ethereum Slide Back in to Red as Market Reacts to Japanese Regulation, South Korean Tax Confusion

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The cryptocurrency market has swung violently back into the red due to a series of regulatory movements from Asia, spooking skittish market participants. Bitcoin and Ethereum plummeted by almost 10% as Japanese regulators crack down on exchange action. Crypto markets are bleeding red subsequent to a Japanese financial watchdog move that saw business improvement orders…

Led by Japan, Major Economies Set to Introduce Unified Cryptocurrency Regulations

Led by Japan, Major Economies Set to Introduce Unified Cryptocurrency Regulations

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International financial authority Financial Action Task Force (FATF) is expected to collaborate with Japan, the second largest cryptocurrency market behind the US, to introduce unified cryptocurrency regulations in the upcoming months. Japan Concerned With Anonymous Cryptocurrencies Last month, the Japanese Financial Services Agency (FSA) encouraged leading economies in the G20 to adopt unified policies regarding…

More Japanese Public Companies Entering the Crypto Space

More Japanese Public Companies Entering the Crypto Space

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Following reports of six publicly listed companies launching their own cryptocurrency exchanges in Japan, three other firms listed on the Tokyo Stock Exchange have announced plans to enter the space with various crypto offerings. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Publicly traded companies in Japan are increasingly seeking to enter the crypto…

Japan Set to Finally Reject a Cryptocurrency Exchange

Japan Set to Finally Reject a Cryptocurrency Exchange

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After approving 16 cryptocurrency exchanges, the Japanese financial regulator is reportedly set to reject a crypto exchange application for the first time. The applicant is an exchange which has been suspended twice from carrying out any crypto activities and received two business improvement orders. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space The First Rejection…

Coinbase Invades Japan With New Office, FSA Compliance

Coinbase Invades Japan With New Office, FSA Compliance

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US-based cryptocurrency exchange Coinbase officially announced an expansion into the booming Japanese cryptocurrency market with the launch of a new Japan office. Announced on June 4, a new office in Japan will be spearheaded by Japanese fintech leader Nao Kitazawa. The new Coinbase office will provide Japanese cryptocurrency investors access to the suite of Coinbase…

Japanese Corporation Begins Offering Loans Secured by Cryptocurrency

Japanese Corporation Begins Offering Loans Secured by Cryptocurrency

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An established Japanese corporation has begun offering loans secured by cryptocurrency. The company says this is the first service in Japan where loans in Japanese yen can be obtained with cryptocurrency as collateral. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space New Loan Program Abic Corporation announced Friday the launch of its bitcoin loan…

Tokyo Whale Prepares 8,000 BTC Dump as Crypto Bloodbath Continues

Tokyo Whale Prepares 8,000 BTC Dump as Crypto Bloodbath Continues

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The skittish cryptocurrency market has moved further into the red today as several factors, including South Korean regulatory action, test the stress tolerance levels of market participants. One of the key drivers behind recent negative price movement is the actions of the Mt Gox bankruptcy trustee Nobuaki Kobayashi, who appears to be preparing for another…