This week’s headlines from Japan included the country’s Financial Services Agency revealing feedback from the public on recent regulation, the Cabinet Office Ordinance announcing regulatory changes, Zaif exchange removing three crypto assets, Bitbank’s COO predicting crypto exchange mergers, and Nomura Research Institute issuing Japan’s first blockchain-based bond. Check out some of this week’s crypto and blockchain headlines, originally reported by Cointelegraph Japan. Japanese FSA receives comments on new regulations The Japanese Financial Services Agency, or FSA, unveiled 172 comments from citizens and groups, pertaining to recent crypto asset laws taking effect on May 1. The fresh laws span several areas, …

This week’s headlines from Japan include crypto exchange Zaif reopening account registrations, government agencies meeting on crypto, the Federation of Economic Affairs submitting a national Blockchain proposal, Coincheck adding Qtum, and Rakuten Wallet opening leverage trading account registration. Check out some of this week’s crypto and blockchain headlines, originally reported by Cointelegraph Japan. Zaif crypto exchange reopens account registration after hack Japanese crypto exchange Zaif opened its doors once again for new account registrations, starting on March 6. Hackers pilfered more that $63 million in crypto from the platform in 2018. After the hack, the company announced deposit and withdrawal …

Japanese cryptocurrency exchange Zaif announced that the transfer of the business from Tech Bureau to Fisco Digital Asset Group (FDAG) will become effective on April 22, and that normal activity will resume on the next day. Cointelegraph Japan reported on the developments on April 20. Bitcoin (BTC), bitcoin cash (BCH), and monacoin (MONA) were stolen from the exchange in a hack in September last year, resulting in total losses of cryptocurrencies worth 6.7 billion yen (around $59.8 million). With the acquisition, which is a part of the user compensation plan, FDAG provided financial support of 5 billion yen (over $44.6 …

Tech Bureau, the company that formerly operated hacked Japanese cryptocurrency exchange Zaif, has completed its handover to buyer Fisco Cryptocurrency Exchange (FCCE), Cointelegraph Japan reported Nov. 22. FCCE, which agreed to take over proceedings in October, will now assume responsibility for compensating users who lost money in the hack, which occurred Sept. 20 and involved funds worth around $60 million at the time. According to a press release from FCCE, compensation proceedings should begin before the end of this month. No timeframe has yet been set for deposits and withdrawals at Zaif to resume. Confirming the move, Tech Bureau said …

The self-regulatory Japan Virtual Currency Exchange Association (JVCEA) plans to stricten its customer asset management measures. The Japan Times outlet reported this news Sunday, September 30, citing “informed sources.” JVCEA is a self-regulatory group of some of the largest licensed exchange operators in Japan, established in April of this year. Now, the organization is reportedly planning to tighten its rules by establishing a limit on the amount of digital currencies that can be managed online by any exchange. According to The Japan Times’ sources, the limit will likely be set at around 10 to 20 percent of customer deposits. JVCEA …

This week, yet another major hack occurred in Japan: Hackers stole around $59 million worth of cryptocurrencies from local cryptocurrency exchange Zaif. It took several days for the platform to notice the breach, and now it has fallen under the tight scrutiny of the country’s regulator. The company that owns Zaif has already agreed to sell its majority stake to cover the losses. Zaif was already under the FSA’s scope Zaif was founded in May 2014 by Osaka-based startup Tech Bureau Inc. It is one of the 16 crypto exchanges in Japan which have received approval from Financial Services Agency …

The Japanese market is a young and developing one. Therefore, it’s not surprising that it faces some problems and obstacles during its development. Takao Asayama, the CEO of Zaif and creator of Mijin, a Blockchain technology service, talked to Cointelegraph about the current problems of Japanese Bitcoin and Blockchain markets. Currently, there are two groups of influence in Japan – The Japan Authority of Digital Asset (JADA) and a group of independent companies that includes Zaif, BitBank and BTC-Box. Each group is searching for its own ways to communicate with the government and FSA. Cointelegraph: What are the main problems …