Crypto Exchanges In Japan Form Self-Regulatory Body To Restore Public Trust

Announcements, News, Regulation | April 25, 2018 By:

A group of licensed cryptocurrency exchanges in Japan has formally launched a new self-regulatory body in a bid to restore market confidence following the Coincheck hack in January.

Dubbed the Japanese Cryptocurrency Exchange Association (JCEA), the new self-regulatory body was formed by 16 crypto exchanges that are currently registered with Japan’s Financial Services Agency (FSA).

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Central Bank-Issued Cryptocurrency Could Impact The Financial System, Says Bank of Japan Official

Blockchain, News | April 18, 2018 By:

Bank of Japan Deputy Governor Masayoshi Amamiya said that a central bank-issued cryptocurrency could significantly impact the current structure of the banking system.

In his closing remarks at the IMF-JFSA-BOJ Conference on FinTech, Amamiya said that the issuance of central bank digital currencies for general use could be analogous to allowing households and firms to directly have accounts in the central bank.

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Confirmed: Monex To Buy Hacked Crypto Exchange Coincheck For $33.5M USD

Announcements, News | April 6, 2018 By:

Japanese financial services firm Monex Group has confirmed the takeover of cryptocurrency exchange Coincheck, acquiring full ownership of the Tokyo-based firm for 3.6 billion yen ($33.5M USD).

According to an official announcement, Monex said it would buy all Coincheck’s shares on April 16 in a move that will allow it to access Coincheck’s trading platform and customer base.

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