Tag: bitFlyer

Japan’s largest cryptocurrency exchange, BitFlyer, has placed a moratorium on the creation of new accounts following intervention from the country’s principal financial services regulator, the FSA. The restriction was put in place after the FSA placed a ‘Business Improvement Order’ on the exchange on June 22, 2018. BitFlyer received the order alongside many crypto-based companies the same day. “Voluntary and Temporary Suspension”…

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Japanese giant SBI Group is reported on April 26, 2018, to be scheduling the summer launch this year of its own cryptocurrency exchange. The exchange is apparently to be named “SBI Virtual Currencies” and will be a full-suite digital exchange. Japan Going Where Other Asian Nations Are Forbidden Business Insider Japan reported that Yoshitaka Kitao, the SBI Holdings president, confirmed…

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While the likes of bitcoin has become more and more popular as a form of payment for goods and services in recent times, it still has a long way to go before there is mass adoption. Many vendors, for instance, don’t have the know-how or desire to deal with accepting payments in cryptocurrencies, especially when the markets can be so…

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Japanese insurance giant Mitsui Sumitomo Insurance, as revealed by Nikkei Asian Review, will be launching insurance coverage for cryptocurrency exchanges, designed to insure against damages and losses resulting from cyber attacks and operational issues. The new insurance product is being developed in partnership with Tokyo-based bitcoin exchange bitFlyer, aimed at protecting both exchanges and their customers against losses. The coverage…

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Japanese bitcoin exchange bitFlyer has raised US$4 million in its latest funding round to strengthen its platform and improve the security of the exchange, according to an announcement on its website. BitFlyer will allocate the majority of the investment into developing a more secure platform for its users and improving its payment / trading infrastructure. The exchange will work side…

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