Japan grants cryptocurrency industry self-regulatory status

Japan grants cryptocurrency industry self-regulatory status
ôîòî ïîêàçàíî ñ : thenextweb.com

2018-10-24 18:43

Japan has been wrestling the cryptocurrency beast for some time and it looks like the country’s government has finally found a way to end the skirmish. The Japanese Financial Services Agency (FSA) has today given the green light to let the industry regulate itself.

The self-regulatory status allows the Japan Virtual Currency Exchange Association to police exchanges for any violations, Reuters reports. It appears the decision was made in response to the rapidly changing cryptocurrency market. “It’s a very fast moving industry. It’s better for experts to make rules in a timely manner than bureaucrats do,” a senior FSA official…

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japan industry cryptocurrency status self-regulatory fsa market

Èñòî÷íèê: thenextweb.com

japan industry → Ðåçóëüòàòîâ: 81


Ôîòî:

Japan Approves Self-Regulation of Cryptocurrency Exchanges

On Wednesday, Oct. 19, Japan’s Financial Services Agency granted the cryptocurrency industry the authority to self-regulate. The approval means that the Japan Virtual Currency Exchange Association, a coalition of several registered digital currency exchanges, can now set rules for operational requirements, consumer protection, prevention of money laundering and employee ethics.

2018-10-25 06:55


Ôîòî:

Japan Allows Cryptocurrency Industry To Regulate Itself

Japan has given formal approval for its cryptocurrency industry to regulate itself, the Japan Virtual Currency Exchange Association (JVCEA) confirmed October 24. JVCEA Can Police Exchanges In a significant development for the country, regulators opted to allow the JVCEA to ensure cryptocurrency exchanges followed legal requirements, a statement reads.

2018-10-24 13:30


Ôîòî:

BREAKING: Japan Allows Cryptocurrency Industry To Regulate Itself

Japan has given formal approval for its cryptocurrency industry to regulate itself, the Japan Virtual Currency Exchange Association (JVCEA) confirmed October 24. JVCEA Can Police Exchanges In a significant development for the country, regulators opted to allow the JVCEA to ensure cryptocurrency exchanges followed legal requirements, a statement reads.

2018-10-24 13:30


Ôîòî:

Japan Reports Crypto Thefts up Three-Fold in 2018, Worth Half a Billion in Stolen Funds

Cryptocurrency–The National Police Agency of Japan has released troubling news on the state of cryptocurrency-related thievery. Despite growing adoption and awareness for the industry throughout 2018, thereby leading to an improvement in security for user funds, the Japanese organization reports crypto-related thefts have cost users more than half a billion dollars.

2018-9-21 04:42


Japan’s Zaif Crypto Exchange loses about $59.7 Million in Fresh Hack

The continuous news of hacking of cryptocurrency exchanges has grown this year when compared to previous years in the cryptocurrency industry. It started with Coincheck a cryptocurrency exchange in Japan where about $500 million worth of NEM token was stolen and now another cryptocurrency exchange in Japan, Zaif exchange in the news after a hack […] The post Japan’s Zaif Crypto Exchange loses about $59.7 Million in Fresh Hack appeared first on ZyCrypto.

2018-9-20 13:43


Ôîòî:

Japan’s FSA to Add to Crypto Team for Exchange License Reviews

The Japanese financial regulatory body is contemplating an expansion of its team focused on cryptocurrency and related activities. Observing the growing interest of Japanese companies in establishing a digital currency exchange, The Financial Services Agency (FSA) is set to bring more breadth to its team in 2019, per a Reuters report dated September 12, 2018.

2018-9-15 19:30


Ôîòî:

Japan’s FSA Vows to Strike a Balance Between Consumer Protection and Promoting Technological Innovation

Japan is both one of the largest crypto markets in the world and one of the most crypto-friendly countries. However, the Japanese government has been increasingly vigilant on the crypto industry as a whole, an understandable stance after the country was hit with what is touted to be the largest crypto heist in history.

2018-8-28 19:24


Monex Executive Wants to Keep Cryptocurrency’s Future Within Japan

Oki Matsumoto Wants To Keep Financial Future Of Cryptocurrencies Within Japan Monex broke into the crypto industry fast by acquiring Coincheck, which recently was threated by a hack. Their hope is that the companies that can use various technologies would essentially develop the center of the entire financial industry, ensuring secure transactions for every entity. […]

2018-8-23 22:11


Ôîòî:

Japan FSA: We Have ‘No Intention’ To ‘Excessively’ Regulate Cryptocurrency

The head of Japan’s financial regulator the Financial Services Agency (FSA) has confirmed there was “no intention” to introduce “excessive” controls on the country’s cryptocurrency industry. Japan FSA: ‘We’d Like To See It Grow’ Speaking to Reuters in private comments August 22, Toshihide Endo said that despite strict management of Japan’s cryptocurrency exchanges, a crackdown in the form of fresh restrictions was not on the cards.

2018-8-23 00:00


PR: Contentos Launches Public Content Chain

Contentos (COS) hosted its ‘Mastering your creativity with COS’ event at Andaz Hotel in Tokyo as part of a global tour. The event attracted major industry executives, including LiveMe CEO Yuki, Ontology founder Li Jun, Danhua Capital partner Selina, COS cofounder Mick, Blockshine CEO Daniel Zhang, Coinbase chief investment officer Ling, DAD Japan head Leslie Wu, PhotoGrid head of products Angela, and Cheez head of operations Wang Xinyuang.

2018-8-18 12:30


Ôîòî:

Japan’s Cryptocurrency Self-Regulator Proposes Margin Capped Trading Rules

The Japan Virtual Currency Exchange Association (JVCEA), is set to propose margin capped trading rules, attempting to reduce the risks of the fluctuating market.   Earlier in April, the 16 registered cryptocurrency exchange services in the country came together to form the Japan Virtual Currency Exchange Association (JVCEA) – a self-regulatory body designated to sanitize the local cryptocurrency industry.

2018-7-27 13:00


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