Japan’s DMM Group Quits Crypto Mining Business

News | January 2, 2019 By:

Japanese entertainment giant DMM Group is reportedly closing down its cryptocurrency mining business.

In October 2017, DMM started operating a mining farm in Japan’s Kanazawa city. The facility mined major cryptocurrencies such as bitcoin, ethereum, and Litecoin. The company also created a “research and development specialty lab” for crypto mining called DMM Mining Labo.

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Hacked Crypto Exchange Coincheck To Receive License From Japan’s Financial Regulator

Investing, News, Regulation | December 19, 2018 By:

Japanese crypto exchange Coincheck will reportedly receive approval to operate as a licensed cryptocurrency exchange from Japan’s financial regulator this month.

News publication Nikkei Asian Review reported that Japan’s Financial Services Agency (FSA) has decided to approve Coincheck’s cryptocurrency exchange license after the exchange improved its governance in the wake of one of the biggest crypto thefts in January of this year.

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