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The Financial Services Agency is expected to take administrative action this week on some registered cryptocurrency exchange operators in Japan, including industry leader bitFlyer Inc., it was learned Tuesday. The upcoming punitive action suggests even operators registered under the revised payment services law, enforced in ...
16 in Japan found to be using PCs of others for cryptocurrency mining via embedded website programs
Sixteen people in Japan have been found to have embedded computer programs on their own websites to use personal computers of viewers for cryptocurrency mining without their consent, police said Thursday. These people have been accused of violating the law banning the use of computer ...
More than 300 cryptocurrency traders logged over ¥100 million in income in 2017: National Tax Agency
More than 300 cryptocurrency traders reported over ¥100 million in miscellaneous income in their 2017 tax returns as a result of trading bitcoin and other cryptocurrencies, according to data released last week by the National Tax Agency. While 331 of them each reported miscellaneous income ...
Bitcoin for otaku: Tokyo startup to launch cryptocurrency to serve communities
Cryptocurrencies may be making worldwide headlines as high volatility assets that have seen dazzling stretches of growth and stunning falls, but the CEO of Tokyo Otaku Mode Inc. believes they have a different kind of potential. Naomitsu Kodaka says cryptocurrencies can serve as cross-border digital ...
Seven men arrested for alleged scam that cost company president bitcoins worth ¥190 million
Seven men in Hyogo Prefecture have been arrested on suspicion of swindling a man out of bitcoins worth around ¥190 million ($1.8 million), police said Wednesday. The police believe the men, all in their 20s, conned a Tokyo marketing firm president in his 40s into ...
Fintech can address Asia's inequality
Innovations in finance technology can increase the level of access to capital and financial inclusion in Asia.
Online brokerage Monex to acquire cryptocurrency exchange Coincheck
Troubled exchange that was hit by a massive cybertheft earlier this year will be sold for ¥3.6 billion and become wholly owned subsidiary.
Japan's cryptocurrency exchanges held back by shortage of engineers
When cryptocurrency exchange Coincheck Inc. explained how hackers were able to make off with $530 million (¥56.7 billion) in digital money, it noted that part of the problem had been beyond its control; the firm had struggled amid Japan's shortage of software engineers. Coincheck said ...
Japan unveils proposals for controls on Initial Coin Offerings
Japan is moving toward legalizing initial coin offerings, even as countries such as China and the U.S. restrict the fundraising method because of the risks it presents for investors. A government-backed study group laid out basic guidelines for further adoption of ICOs, including rules for ...
Is 'No Postage Necessary,' Hollywood's first blockchain movie, the first step toward ending piracy?
A few years behind Wall Street, Hollywood is turning to the technology behind cryptocurrencies to distribute movies, a development hailed as the beginning of the end for piracy. Leading the charge is "No Postage Necessary," a romantic indie comedy about a luckless hacker that is ...
All NEM stolen from Coincheck may have been exchanged for other cryptocurrencies: experts
Almost all of the NEM stolen from Japanese exchange Coincheck Inc., valued at around ¥58 billion ($530 million), may have been exchanged for other cryptocurrencies, information security experts said Friday. The stolen NEM could be eventually cashed because tracking cryptocurrencies is difficult once they are ...
Trump bars U.S. firms and citizens from dealing in Venezuela's new cryptocurrency
U.S. President Donald Trump on Monday barred U.S. firms and citizens from dealing in Venezuela's new cryptocurrency. Trump issued an executive order proscribing "all transactions related to" the new currency, "Petro," which is designed to compensate for a massive government cash crisis. The Latin American country ...
