Japanese Regulator: Stablecoins Are Not Cryptocurrencies Under Current Law

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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…

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

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

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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

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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…

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…

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…