Social Media Sidebar

Announcement

Please sign up, comment on articles and bring your friends!

Current poll

PlanetTech is asking:

What do you think about our new web site?

Love it, indeed
Really good solution
Same as old one
The old one was better
This is a new option

Quote of the day

Just because something doesn’t do what you planned it to do doesn’t mean it’s useless.

 

Thomas Edison

Japan licenses 11 bitcoin exchanges

RATE THIS! +31
Posted in Online on 30th Sep, 2017 01:13 PM by Alex Muller

Quoine is the first global crypto fintech company to receive an official license from the Japan Financial Services Agency (JFSA) on Friday, 29th September 2017. QUOINE operates QUOINEX, a cryptocurrency exchange and high performance trading platform that went global since May 2014. QUOINE is focused on stringent security measures.

 
Today Japan’s Financial Services Agency (FSA) has issued operating licenses to a total 11 bitcoin exchanges. The licensing enforces certain operational requirements for the exchanges, including high standards for cybersecurity, the segregation of customer accounts and the verification of customer identities.
 
Seventeen applications are still in review, while 12 firms have closed their doors in light of the new regulations.
 
Japan is proactive in its cryptocurrency regulations. Mt. Gox was a bitcoin exchange based in Shibuya, Tokyo, Japan. It lLaunched in July 2010, by 2013 and into 2014 it was handling over 70% of all bitcoin transactions worldwide, as the largest bitcoin intermediary and the world’s leading bitcoin exchange.
 
In February 2014, Mt. Gox suspended trading, closed its website and exchange service, and filed for bankruptcy protection from creditors. In April 2014, the company began liquidation proceedings. Mt. Gox announced that approximately 850,000 bitcoins belonging to customers and the company were missing and likely stolen, an amount valued at more than $450 million at the time. Although 200,000 bitcoins have since been “found”, the reason(s) for the disappearance—theft, fraud, mismanagement, or a combination of these—were initially unclear. New evidence presented in April 2015 by Tokyo security company WizSec led them to conclude that “most or all of the missing bitcoins were stolen straight out of the Mt. Gox hot wallet over time, beginning in late 2011.
 
Earlier this month, China issued a blanket ban on fundraising methods involving token sales, or initial coin offerings (ICOs), and local cryptocurrency exchanges have indicated they will cease domestic trading following the ban.
 
South Korea has also stated ICOs are illegal as of today, as well as tightening the rules for exchanges.

Tags: bitcoinsoftwareblockchainonlineJapan

Read original article » Back to category

Comments



 

Recent headlines

  • Posted in Software on 2018-07-23 00:39:21
    From Here to Human-Level Artificial General Intelligence.....read more
    Posted in Science on 2018-07-22 02:44:36
    Half of young people recover from schizophrenia..read more
    Posted in Hardware on 2018-07-22 02:34:24
    SpaceX will be launching another Block 5 rocket but will.....read more
    Posted in Science on 2018-07-19 10:46:11
    Ground based telescopes have surpassed Hubble Space.....read more
    Posted in Science on 2018-07-19 10:41:40
    Cannabinoids may have a vast array of anti-cancer effects..read more
Posted in Business on 2013-10-10 01:33
China is working towards a manned lunar mission in about.....read more
Posted in Business on 2013-10-20 07:17
Spacex says China is their main competitor for commercial.....read more
Posted in Software on 2013-10-20 06:43
Pirate Bay Browser Clocks 1,000,000 Downloads..read more
Posted in Medicine on 2013-10-10 02:10
Google reportedly investing hundreds of millions into new.....read more
Posted in Medicine on 2013-10-14 03:13
Endothelial Cells Can Repair and Regenerate Organs,.....read more
Posted in Science on 01.01.2010
Spacex says China is their main competitor for commercial.....read more
Posted in Science on 01.01.2010
Staring at Your Phone Could Be Making You Short Sighted..read more
Posted in Science on 01.01.2010
Oculus Rift virtual reality headset coming to mobile, but.....read more
Posted in Science on 01.01.2010
China is working towards a manned lunar mission in about.....read more
Posted in Science on 01.01.2010
Delivering drugs via nanoparticles to target mitochondria..read more

Recent Blog Posts

  • Posted by AlexMuller
    In five years quantum computing will be mainstream..read more
    Posted by AlexMuller
    Google partners with Johnson and Johnson to make lower cost.....read more
    Posted by AlexMuller
    Electron holography microscope with spatial resolution down to.....read more
    Posted by AlexMuller
    Lower cost advanced Nuclear power could dominate future US energy..read more
    Posted by AlexMuller
    Why Hasn’t AI Mastered Language Translation?..read more

Login to your Account

Login to your PlanetTech Account here

Username:
Password:
Remember me
or

Create a New Account

You just need username and password

The following errors occured:
Username:
Email:
Password:
Verify password:
Remember me