カテゴリー: inspection

New Self-Regulatory Rules for Crypto Exchanges in South Korea Clarified

New Self-Regulatory Rules for Crypto Exchanges in South Korea ClarifiedThe majority of South Korean cryptocurrency exchanges are implementing new self-regulatory rules and performing self-inspection. The industry group in charge of leading the efforts has clarified the differences between the new and old self-regulatory rules for its 23 exchange members. Also read: Russian Regulators Draft Law to Restrict Crypto Mining, Payments, and Token Sales Promoting Safe […]

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Cryptocurrency Exchange Kraken Withdraws from Japanese Market

Cryptocurrency Exchange Kraken Withdraws from Japanese MarketCryptocurrency exchange Kraken is suspending all of its services to Japanese residents. The exchange has been allowed to operate in Japan while its application with the country’s financial regulator is being reviewed. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Kraken Pulling Out of Japan Kraken announced on Tuesday the suspension of its services […]

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Japanese Crypto Exchange GMO Vows to Improve After Regulator Orders Upgrades

Japanese Crypto Exchange GMO Vows to Improve After Regulator Orders UpgradesThe cryptocurrency exchange subsidiary of the Japanese internet giant GMO has detailed its plans to improve its operations. GMO Coin has submitted a business improvement report to the country’s financial regulator. GMO Internet has also set up an information security audit office for the entire group. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With […]

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Gazprombank to Try Crypto Deals in Switzerland

Gazprombank to Try Crypto Deals in SwitzerlandGazprombank, one of Russia’s largest financial institutions, is planning to perform some cryptocurrency deals by the end of the year. According to one of its top managers, the bank is responding to demand from “substantial clients”. The pilot transactions will be conducted through its subsidiary in Switzerland. Also read: New Bill Aims to Allow Crypto […]

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16 Government-Approved Crypto Exchanges Forming Self-Regulatory Body in Japan

16 Government-Approved Crypto Exchanges Forming Self-Regulatory Body in Japan16 cryptocurrency exchanges that have been approved by the Japanese government are teaming up to form a self-regulatory group, following the hack of one of the country’s most popular exchanges. Besides these exchanges, there are 16 “quasi-operators” for cryptocurrencies as well as about 100 firms seeking to enter the market in Japan. Also read: Japan’s DMM […]

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20+ South Korean Cryptocurrency Exchanges Voluntarily Undergo Evaluations

20+ South Korean Cryptocurrency Exchanges Voluntarily Undergo EvaluationsOver twenty cryptocurrency exchanges in South Korea have agreed to undergo evaluations, including the country’s top four exchanges: Upbit, Bithumb, Coinone, and Korbit. This is part of their self-regulatory efforts, in conjunction with the Korean Blockchain Association. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten 21 Exchanges Participating So Far The Korean Blockchain […]

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Coincheck Produces Recovery Plan While Investors Flock to Withdraw Funds

Coincheck Produces Recovery Plan While Investors Flock to Withdraw FundsJapanese cryptocurrency exchange Coincheck has submitted a report to the country’s financial authority outlining measures it will take following the hack that lost 58 billion yen worth of the cryptocurrency NEM from its platform. However, customers rush to withdraw 40.1 billion yen of their funds so far as the exchange resumes yen withdrawal service. Also […]

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Japanese Financial Authority Inspecting 32 Cryptocurrency Exchanges

Japanese Financial Authority Inspecting 32 Cryptocurrency ExchangesThe Japanese Financial Services Agency has announced that it is inspecting all 32 cryptocurrency exchanges in Japan. This includes 16 exchanges that have not obtained a license but are currently under review by the agency and those that are already fully licensed. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies 16 Exchanges […]

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Japan Unfazed By Recent Exchange Hack Realizing Cryptocurrencies Not to Blame

Japan Unfazed By Recent Exchange Hack Realizing Cryptocurrencies Not to BlameJapanese investors are undeterred by the recent Coincheck hack and the general public is now more interested in cryptocurrencies due to the constant hype in the media. Bitflyer, Japan’s largest crypto exchange by volume, is seeing a rapid increase in the number of registered users. “Ironically, many people got interested in cryptocurrencies after this incident,” […]

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South Korean Banks Reverse Decisions on Cryptocurrency Accounts

South Korean Banks Reverse Decisions on Cryptocurrency AccountsSouth Korean banks have backtracked from their decisions to stop servicing cryptocurrency accounts as crypto investors protested and the government re-discussed its policy. The country’s 6 major banks have been told that they must follow through with the original plan and install the system that would end the anonymous trading of cryptocurrencies. Also read: South Korea […]

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