Following a recent hack resulted into $533 million-worth theft of the NEM token from Coincheck, a group of 16 registered Japanese cryptocurrency exchanges joins forces to establish a self-regulatory body in April.
Bitcoins that are worth nothing. No, it’s not a joke. It’s a glitch that occurred at one of the Japanese cryptocurrency exchanges.
Major hack in Japan has become a reason of considering a necessity to create a new entity that will regulate the cryptocurrency industry in the country.
GMO Internet Group will start using bitcoin salary to remunerate its staff in March 2018.
Japan’s financial watchdog announced its plans to monitor virtual currency exchanges operating in the country.
Thirteen Japanese bitcoin exchanges together with over 5,000 retail stores and restaurants are likely to halt bitcoin transactions on August 1.
Strong demand for bitcoin continues to drive the price of the digital currency, which already reached more than $4,500 on the South Korean digital exchange.
More than half of the global trading volume occurs in Japan, which results in Bitcoin setting a new all-time high.
Starting today, Bic Camera and Recruit Lifestyle will cooperate with bitcoin exchanges to add cryptocurrency payment option.
Japanese banking giants are looking to invest in financial technology startups, as the government is promoting innovation in the competitive fintech market.