Japan Slaps Crypto Exchange Operator after $60 Million Theft

Japanese financial authorities are ramping up their scrutiny into the domestic crypto exchange sector after last week’s ¥6.7 billion ($60 million) hack of Tech Bureau’s exchange Zaif. In an announcement today, Japan’s Ministry of Finance struck Osaka-based Tech Bureau, operator of the licensed cryptocurrency exchange Zaif, with “administrative penalties” wherein the latter sees a number …

Japanese Conglomerate Hitachi Tests Blockchain for Retail Settlements

Multinational conglomerate, Hitachi Ltd, and telecommunications operator, KDDI Corporation, have disclosed they are testing a blockchain solution that will see the biometric features of shoppers being used for authentication prior to settling retail payments. Initially, the coupon settlement system will be trialed at KDDI retail stores located in Tokyo and fast food outlets of the …

Japanese Minister Denies Association with Cryptocurrency Firm Under Investigation

Seiko Noda, Japan’s internal affairs minister, denied having an interest in a cryptocurrency company under investigation and interfering in that investigation, according to a report in Asahi Shimbun. As a Cabinet minister, Noda could be accused of trying to influence a government investigation. Noda acknowledged that one of her aides was present at a meeting on …

Major Japanese Brokerage Could Rescue Crypto Exchange Coincheck

Join our community of 10 000 traders on Hacked.com for just $39 per month. Japanese online brokerage firm Monex is reportedly considering a buyout of Tokyo-based Coincheck, the cryptocurrency exchange at the center of the recent $530 million NEM theft. Japanese financial publication Nikkei is reporting an offer from online brokerage Monex Group to buy …

Binance Receives Formal Warning from Japan, Plans to Move HQ to Malta

Join our community of 10 000 traders on Hacked.com for just $39 per month. Cryptocurrency exchange Binance has received a formal warning from Japan’s Financial Services Agency (FSA) for operating in the country without registering with the regulatory agency as a cryptocurrency trading platform. In a letter dated March 23 and addressed to Binance CEO …

Japan’s Cryptocurrency Exchanges Self-Regulate After $530 Million NEM Theft

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. A total of 16 registered Japanese cryptocurrency exchanges are establishing a self-regulatory body in April, within months of the infamous $530 million hack of Coincheck. Japan’s two major cryptocurrency trade outfits are coming together to form a new self-regulatory body that will …

Japanese Crypto Exchange Accidentally Gives Bitcoins Away for Free

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Bitcoin skeptics such as JPMorgan CEO Jamie Dimon have often claimed that Bitcoin is “worth nothing.” For approximately 18 minutes at one cryptocurrency exchange in Japan, these skeptics were right. On Tuesday, Zaif — a cryptocurrency exchange operated by Osaka-based Tech Bureau …