Japanese Regulator: Stablecoins Are Not Cryptocurrencies Under Current Law

post-img

Read More

Japan’s top financial regulator, the Financial Services Agency, has exclusively explained to news.Bitcoin.com how stablecoins are treated under current Japanese law. In addition to emphasizing that they are not virtual currencies, the regulator clarified the registration requirements for their issuers and dealers. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Not Virtual Currencies Japan’s…

Singapore Hosts New Fiat-Crypto Exchange, Welcomes Crypto Bank Accounts

post-img

Read More

It has been a busy week for Singapore as it relates to cryptocurrency. The city-state is set open the first fiat-crypto exchange in Southeast Asia, while the financial regulator has vowed to help crypto companies set up local bank accounts, according to media reports.  Also read: Salt to Offer Crypto-Backed Loans in 7 Global Markets,…

XRP Olympic Petition Tops 10K Signatures, Raises Goal to 15K

post-img

Read More

Last week, CryptoSlate reported on Japan resident Ken Takahashi’s Change.org petition to make Ripple’s XRP the official cryptocurrency of the 2020 Olympic games. At the time the petition had reached over 5K signatures toward a goal of 7,500. It now stands at nearly 12K signatures and has raised the end goal to 15K. Bypassing the…

Tax Evasion Spotlighted as Swiss Banks Start Sharing Client Data

post-img

Read More

Switzerland has started sharing financial account information with tax authorities in dozens of countries as a way of fighting tax evasion, but Africa, which loses about $60 billion in illicit flows each year, mostly into European banks, is conspicuous by its absence from the deal. Swiss bank accounts have long been stereotyped as enablers of…

LG U+ Will Bring Blockchain-Based Payment Services to Overseas Customers

post-img

Read More

South Korean telecom company LG U+ revealed Sunday that it will be rolling out a new blockchain-based, cross-carrier payment system (CCPS) via partnerships with mobile carriers in Taiwan and Japan, according to The Korea Times. The new system will allow LG U+ customers to buy products using their mobile phones at certain retailers in Taiwan…

Japanese Police Adopt Cybersecurity Software to Trace Bitcoin Transactions

post-img

Read More

After several instances of cryptocurrency-based crime and a stark increase in the use of cryptocurrencies as a money-laundering tool, Japan’s National Police Agency (NPA) revealed it would launch a crypto-tracking software to trace digital currency transactions in the country. Japan’s Push for Cryptocurrency Legitimacy According to the country’s public broadcasting organization NHK, the special software…

Messaging Giant LINE Is Launching Its Own Cryptocurrency

Messaging Giant LINE Is Launching Its Own Cryptocurrency

Read More

Japanese messaging giant LINE has become one of the first public companies to have launched a proprietary blockchain network with its own token.

Japan Labor Ministry Confused as Crypto Salaries Demand Increased

Japan Labor Ministry Confused as Crypto Salaries Demand Increased

Read More

Japan’s Labor Ministry is not hiding its confusion as the Tokyo Metropolitan Government and venture companies requested a deregulation of the Labor Standard Act. Japan has respected the “salaries in cash” principle for 70 years under the Labor Standard Act, however with the proliferation of digital money and salaries paid in cryptocurrencies, withdrawing money from…

Japan’s Internet Giant GMO Launches New Upgraded 7nm Bitcoin Miner

Japan’s Internet Giant GMO Launches New Upgraded 7nm Bitcoin Miner

Read More

Japanese internet giant GMO has launched a new, upgraded model of its bitcoin miner equipped with 7nm ASIC mining chips. The previous model was sold out. The new model can achieve a higher hash rate and has a “hash power optimization function.” It is for sale at the same price as the previous model. Also…

Huobi Exchange Suspends Services for Japanese Residents

Huobi Exchange Suspends Services for Japanese Residents

Read More

Crypto exchange Huobi notified its Japanese customers via e-mail on Wednesday that it will be closing accounts of users who are residents of Japan. According to Huobi, their decision came up as a result of compliance issues with the Japanese law. Also read: Huobi Creates Its Own Cryptocurrency Exchange-Traded Fund (ETF) No Japanese Traders on Huobi…