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The Japan Virtual Currency Exchange Association tightens regulation and rules for storing cryptocurrencies after the recent hacking of the Zaif exchange, during which attackers stole about $60 million, The Japan Times reports, citing informed sources. It is planned to establish a limit on cryptocurrency amounts stored by exchanges in the amount of 10-20% of customer deposits. The association is also developing recommendations for certifying cryptocurrency-related activities in the country that it plans to submit to the Japanese Financial Services Agency.
Japan’s Finance Minister Taro Aso expressed worries about the yen’s continual rise, calling it “rapid” and hinting at the strong currency’s impact on exports as Japan struggles through a recession. The yen’s ...
June had seen Japan’s industrial output breaking its four-month slump. The recuperation could be attributed to a modest recovery seen in broader business and consumer activity after the world’s third-biggest economy suffered from ...
Japan’s first-quarter business spending came smaller than what was initially estimated, revised data showed on Monday. This underscored a sharper damage that the novel coronavirus pandemic had inflicted on the world’s third-biggest ...
Japan's industrial output is expected to recover in June from a double-digit decline in May amid hopes that factory activity may have reached its lowest due to the coronavirus pandemic, according to a Reuters’ poll of 13 economists. While ...
June had seen Japan’s exports recording a double-digit decline for four consecutive months. This suggests that the novel coronavirus pandemic tipped the world’s third-largest economy into its sharpest postwar slump, highlighting ...
KYC Policy