Tag: FSA

Japan’s FSA Wants to Get Monero, Dash, and Zcash Removed from All Domestic Exchanges

Cryptocurrency is legal tender in Japan. There is active regulation in the country which makes Bitcoin and altcoins perfectly legal. That situation has been rather interesting to keep an eye on, as the law is still subject to interpretation. As of right now, the Japanese FSA aims to have cryptocurrency exchanges drop all cryptos which can be considered facilitators of criminal activity. What is Happening in Japan? There has been growing scrutiny of …
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Japan’s FSA Opens Active Dialogue With Binance Over Recent Issues

Misinformation has become all too common in the world of cryptocurrency over the past few months. This industry has increasingly attracted a lot of new users who tend to spread half-truths and wrong details. In the case of Binance, the company is not facing specific scrutiny from the Japanese government, despite what some media outlets may claim. The Binance Plot Thickens Over the past few days, we have seen quite a few reports …
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Bitcoin Price Watch: A $300 Drop is in the Books

Bitcoin’s price incurred a slight fall during today’s early morning hours. After trading at just under $9,000 for most of yesterday, bitcoin is down to around $8,600 at press time. There appear to be several reasons for the drop. The first comes by way of the U.K. Authorities are laying out plans to implement a task force designed to assist in governing cryptocurrency usage to better understand the risks involved. …
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Japanese Financial Regulator Issues Warning on ICOs

While many people consider initial coin offerings to be high-risk investments, the rewards are often worth it for investors throughout the world. However, ICOs remain an unregulated market, and recently, Japan’s Financial Services Agency (FSA) warned of the risks posed by these crowdfunding campaigns. Price volatility and fraud potential The agency commented that the potential for fraud as well as price volatility are danger factors faced by investors in ICOs, but also mentioned that they could be …
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