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Tag: japan

Less than 2% of “Suspicious Transaction” Reports in Japan Are Linked to Cryptocurrencies

Category: Altcoins, Bitcoin, Crime, Finance, News, Regulation

Less than 2% of “Suspicious Transaction” Reports in Japan Are Linked to Cryptocurrencies

Between January and October, Japanese police had received 5,944 reports with regard to nefarious and illicit activities tied to cryptocurrencies according to local media, December 6, 2018. Report Details According to multiple Japanese news outlets, National Police Agency (NPA) officials have said that the figure is eight times that of the April to December 2017 reports (669). In April 2017,…

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GMO Coin Cryptocurrency Exchange Resumes Bitcoin Cash ABC (BCHABC) Trading  

Category: Altcoins, Exchange, Finance, News

GMO Coin Cryptocurrency Exchange Resumes Bitcoin Cash ABC (BCHABC) Trading  

GMO Coin, the digital assets trading venue owned by Japan’s GMO Internet, Inc. has reportedly made it clear that bitcoin cash ABC is its preferred choice among the two versions of the November 15, 2018, hard fork. BCHABC trading was expected to resume on December 4, 2018, according to a Finance Magnates report on December 3, 2018. GMO Coin Resumes…

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Japan’s FSA Looks to Regulate Initial Coin Offerings (ICO)

Category: Altcoins, Business, Development, Finance, News, Regulation

Japan’s FSA Looks to Regulate Initial Coin Offerings (ICO)

While initial coin offerings (ICOs) are unregulated in many well-developed nations, Japan and Singapore are keen to provide clear guidance and implement new regulations for the cryptocurrency industry. According to a JiJi Press’ article published on December 1, 2018, the Japanese Financial Services Agency (FSA) will launch a transparent ICO regulatory framework shortly, with the intent of protecting their investors…

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Seven Financial Firms Join Forces to Create Digital Asset Code of Conduct

Category: Bitcoin, News

Seven Financial Firms Join Forces to Create Digital Asset Code of Conduct

In a bid to foster regulatory compliance and ensure digital assets market participants operate in strict adherence to standards, ten highly reputed financial institutions and fintech firms have launched the Association for Digital Asset Markets (ADAM). ADAM is a platform aimed at formulating a robust Code of Conduct for the burgeoning distributed ledger technology (DLT) ecosystem, according to a press…

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SBI Ripple Asia Partners with Payment Card Consortium in Japan To Combat Fraud

Category: Blockchain, Business, News

SBI Ripple Asia Partners with Payment Card Consortium in Japan To Combat Fraud

SBI Ripple Asia has recently partnered with the Japanese Payment Card Consortium to fight fraud with blockchain technology. According to BankingTech’s article published on November 22, 2018, the participating companies plan to prevent the damages caused by fraudulent transactions, by sharing data and information on a real-time basis along Corda, R3’s open-source blockchain platform. Payment Card Consortium to Share Data…

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Japan’s Largest Shipping Line to Launch Digital Currency to Pay Crew Members

Category: Adoption, Bitcoin, Blockchain, Business, News

Japan’s Largest Shipping Line to Launch Digital Currency to Pay Crew Members

Japan’s shipping line powerhouse Nippon Yusen KK is set to introduce its own digital currency for internal use, specifically to pay its seafaring workers, reports Bloomberg, November 20, 2018. The move is aimed towards minimizing the hassle and costs of the process of managing, sending and converting money to their respective local currencies. US Dollar-Pegged Digital Currency According to the report, one…

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Tokyo Police Arrest Eight Men In A Cryptocurrency Pyramid Scheme

Category: Bitcoin, Blockchain, Business, News, Platform, Tech

Tokyo Police Arrest Eight Men In A Cryptocurrency Pyramid Scheme

Tokyo police arrested eight men on November 14, 2018, for a cryptocurrency-related pyramid scheme that scammed 6,000 people of 7.8 billion yen (approximately $68.42 million). According to Japanese News company Asahi Shimbun on November 16, 2018, the Tokyo Metropolitan Police Department suspected that the arrested men might have violated the Financial Instruments and Exchange Law as they failed to register their…

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Japanese Cybersecurity Company Partners With ConsenSys to Detect Vulnerabilities on Smart Contracts

Category: Altcoins, Blockchain, Business, Ethereum, News, Tech

Japanese Cybersecurity Company Partners With ConsenSys to Detect Vulnerabilities on Smart Contracts

On November 8, 2018, Global cybersecurity firm NRI Secure Technologies (NRI ST) in collaboration with Ethereum-focused development studio ConsenSys has launched a new product dubbed Blockchain Security Monitoring Service.  The infant service will monitor and track vulnerabilities present in information systems and services that use blockchain technology. ConsenSys’ Role in This Venture To begin with, the product will be used…

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Bitstamp Partners with Cinnober to Boost Crypto Trading

Category: Blockchain, Exchange, News, Platform, Tech

Bitstamp Partners with Cinnober to Boost Crypto Trading

Bitstamp, a Luxembourg-based cryptocurrency exchange, and Cinnober, a global independent provider of trading and clearing technology for the financial sector, recently partnered to increase the Bitstamp platform’s order matching speed and throughput. According to Bistamp’s blog post, published on November 5, 2018, Cinnober’s TRADExpress Trading System will replace Bitstamp’s in-house developed matching engine. Order Matching Speed Now 1250x Faster Bitstamp,…

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Remixpoint Inc. Ally with Hinomaru Limousine to Let Travelers Pay for Airport Rides with Bitcoin

Category: Adoption, Altcoins, Bitcoin, Business, Finance, News

Remixpoint Inc. Ally with Hinomaru Limousine to Let Travelers Pay for Airport Rides with Bitcoin

Remixpoint Inc., the parent company of BITPoint cryptocurrency exchange, which is one of the 16 licensed digital assets trading venues in Japan, has joined forces with Hinomaru Limousine Inc., a local firm that claims to operate a fleet of 362 limos and 161 taxis, to make it possible for travelers to pay for airport rides with bitcoin, reported  Bloomberg on…

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