Even though last week a lot of sources were reporting about Japan’s approving Bitcoin ETFs as an alternative to Bitcoin futures, it seems that this will not be the case after all.
After barring crypto derivatives, Japan is currently gauging industry interest in ETFs tracking digital currencies. The Liberal Democratic Party will reportedly submit draft legislation by March 2019.
The National Tax Agency (NTA) of Japan will ask exchanges to immediately report on suspected customers trying to evade crypto taxes.
The new guidelines mandate local companies to register with the FSA before launching their ICO digital tokens in the market.
Japan’s Financial Service Agency has forced one of the biggest Bitcoin exchanges bitFlyer to cease new account registrations due to inadequate AML/KYC requirements.
SBI Holdings launches VCTRADE, in-house bank-backed cryptocurrency exchange. Trading will initially only be available for Ripple. 20,000 potential users who pre-registered back in October of last year have already got access to the service.
As per source familiar to the plans of FSA, Binance received the warning as it was expanding its operations in Japan without taking prior approval from the agency.
Thanks to the obtained U.K. e-money license San Francisco-based cryptocurrency exchange Coinbase now can operate in the EU countries.
Coincheck is finally compensating all the victims of the hack as promised earlier. The exchange is also allowing customers withdraw their crypto holdings.