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Monex Brokerage Looking to Add Crypto

One of the oldest brokerages in Japan, Monex Group, is looking to add crypto currencies to its product line. In 2018, Monex group had acquired Coincheck, a crypto currency exchange that had been hacked with reported losses of up to $500M. With stiff competition in the Japanese market, Yuko Seimei, the president of Monex, believes […]

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Exchange
Finance
Legal
Trading

Rakuten gets the Regulatory Green Lights for Crypto Wallet and Exchange

Rakuten has announced yesterday that it has gained approval for licensing from Japan’s financial securities authority (Kanto Local Finance Bureau) to provide virtual exchange services. It plans to roll out Rakuten Wallet within a month. Having previously acquired Everybody’s Bitcoin, it has now rebranded officially into Rakuten Wallet. Previously Rakuten had received orders from the […]

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Business
Development
Finance
Trading

Japan Explores Crypto ETFs

Japans Financial Services Agency is currently exploring interest in Exchange Traded Funds (ETFs) to track digital currencies. According to Bloomberg, the regulators in Japan last month decided against pursuing revisions to the nation’s securities law. This will allow cryptocurrency futures, options and other derivatives to be traded within the region. A person familiar with the […]

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Business
Exchange
Finance

Japan Looking to Cap Crypto Margin Trading

The Nikkei Asian Review has published an article stating that the Financial Services Agency in Japan is considering to cap margin trading in the crypto market. The move is intended to limit users exposure during volatility spikes. Approximately 80% of Japan’s cryptocurrency transactions in fiscal 2017 were conducted through margin trading, claimed by the Japan Virtual […]

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Disclaimer: Investing in cryptocurrencies involves risk and should be based on advice from qualified financial professionals. You can incur substantial losses: consider whether this is in line with your investment objectives and circumstances. Posts are based on the authors' opinion and accurate to the best of our knowledge. Our posts are not independent/financial/investment advice, nor endorsements of any product/asset/service. We try to maintain the accuracy of our information however we rely on external data which may include errors. We are not liable under any circumstances for loss or damage as a result of using our information or services.