It looks like you’re using an ad blocker.
To enjoy our content, please include The Japan Times on your ad-blocker’s list of approved sites.
Thank you for supporting our journalism.
7
M/CLOUDY
Staff writers
The recent collapse of FTX, one of the world’s major cryptocurrency exchanges, has prompted policymakers across the globe to examine stricter regulations for the industry. In Japan, the episode has sparked a sense of deja vu.
In January 2018, a massive hack of Tokyo-based crypto exchange Coincheck saw the theft of about ¥58 billion ($446 million at current exchange rates) worth of digital tokens, sparking calls for stringent regulations and prodding the country’s financial watchdog to initiate a sweeping crackdown on domestic exchanges.
Prior to the Coincheck incident, Japan had been seen as a leading nation in the crypto world, as the country set related regulations ahead of other major nations and enjoyed huge exchange volumes for bitcoin. But the tightened rules cast a pall over the sector, with a slew of the exchanges struggling to keep up with the regulatory standards.
This could be due to a conflict with your ad-blocking or security software.
Please add japantimes.co.jp and piano.io to your list of allowed sites.
If this does not resolve the issue or you are unable to add the domains to your allowlist, please see this FAQ.
We humbly apologize for the inconvenience.
In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.
Your subscription plan doesn’t allow commenting. To learn more see our FAQ
Japan’s chip equipment makers in the dark about new China export restrictions
Reining in Japan’s unstoppable urban sprawl
From lessons of 3/11, Japan scientists share knowledge of disaster resilience across Pacific
Japan to lag again on diversity if women shut out of BOJ race
Can South Korea and Japan repair their strained relationship?
DEEP DIVE
Japan on a plate: Our food critic reveals his favorite spots
Sponsored contents planned and edited by JT Media Enterprise Division.
広告出稿に関するおといあわせはこちらまで
Read more
The Japan Times LTD. All rights reserved.
Both hurt and saved by regulations, what is next for crypto in Japan? – The Japan Times
