Japan Tightens Crypto Laws After $305M Hack
In a decisive move to bolster its digital asset security and investor protection, Japan has enacted a comprehensive cryptocurrency law following one of the country’s largest crypto exchange hacks. The legislation comes on the heels of the May 2024 breach at DMM Bitcoin, a Japan-based exchange, where hackers stole approximately
Japan Unveils Dual Crypto Framework: Type 1 vs Type 2 Assets
Japan’s Financial Services Agency (FSA) has proposed a new regulatory framework for digital assets, introducing a two-tier classification system that aims to bring clarity and investor protection to the crypto market. The FSA is now inviting public feedback on the discussion paper titled “Verification of the state of the system
Bitcoin Tumbles Below $64K as Surprise Japan Prime Minister Choice Triggers 5% Plunge in Nikkei
Bitcoin’s recent rally has come to an abrupt halt, with the cryptocurrency plunging below $64,000 following the surprise selection of Shigeru Ishiba as Japan’s next prime minister. Ishiba’s appointment has renewed fears of a potential tightening of the Bank of Japan’s monetary policy, sending markets lower. The decline in bitcoin
