On Wednesday, the FSA said that the order was submitted after the agency conducted an on-site inspection of the exchange following the submission of a system risk management report.
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).
KEPCO is Japan’s second largest electricity supplier, with 164 power generation facilities operating on nuclear, hydroelectric,
Oki Matsumoto, CEO of Japanese online brokerage Monex Group, said that Japanese crypto exchanges need to have tougher regulations in place.
Monex Group, currently valued at around $870 million, has a wide portfolio of assets focused on providing services mainly to retail clients.
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.
US-based cryptocurrency exchange Kraken will stop its trading services in Japan, citing rising operational costs.
Kraken, one of the world’s longest-operating cryptocurrency exchanges, had been allowed to operate in Japan without a license. It tentatively plans to cease all its services,
Shonan Beauty Clinic is the largest chain of plastic surgery clinics in Japan. It has a large team of doctors that specialize in just about every aspect of the discipline.
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.
The Japanese government has proposed a new set of guidelines for the legalization of initial coin offerings (ICO).
The guidelines, which were drafted by a government-backed study group, include rules for identifying investors, preventing money laundering, tracking progress of projects, and protecting existing equity and debt holders.
Citing sources, local publication Japan Times said the acquisition will be officially announced on Friday. While the exact terms of the deal remain unknown at the moment,