Japanese regulators are trying to prevent new problems after the hacking in January of the Coincheck exchange. They announced a tightening of the regulation of crypto exchanges. The financial services agency of Japan will introduce more stringent rules for the regulation of exchanges in summer, which will apply to both existing and new platforms. Exchanges will be required to adhere to high standards in the field of security, including a ban on storing assets in online wallets, and introduce multi-factor authentication. They will have to strengthen measures to identify customers and follow the guidelines for asset management. FSA plans to impose a ban on cryptocurrency trading and make the exchanges more transparent.
The western Japan prefecture may take two more years to recuperate from the damage of the novel coronavirus crisis. The forecast was rendered by Tetsuya Kan, head of a major regional bank in Osaka, as the pandemic ransacked the city’s ...
For the first time, in 7 years, Bitcoin had crashed deplorably due to the coronavirus outbreak. However, investors are wary of a more pertinent issue. Electronically-triggered liquidations of leveraged positions had been found ...
Italy has shut down all its ports and airports, disrupting financial markets and showing how the coronavirus has affected social and economic aspects globally. Major European stock markets plunged over 7%, Japanese indexes slipped 5%, and ...
Japanese stocks decline as global central bank action accelerates global equities Japanese stocks declined with U.S. futures surrendering gains on Tuesday after a wave of interest on central banks taking action to bolster the economy resulted ...
Japanese finance minister Taro Aso said that he was closely watching market volatility when Asian shares dropped due to rising fears on the economic impact of the coronavirus spread, which is said to be larger than expected. Aso declined to ...