Category: License

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South Korea Considers Bitlicense-Style System for Cryptocurrency Exchanges

The South Korean government is considering introducing an approval system for cryptocurrency exchanges based on the Bitlicense model, developed by the New York State Department of Financial Services. Also read: Japan Cracks Down on Foreign ICO Agency Operating Without...

Japan Cracks Down on Foreign ICO Agency Operating Without License

The Japanese financial regulator will be issuing its first warning since the legalization of cryptocurrencies as a method of payment in Japan. An overseas initial coin offering agency has reportedly been attracting Japanese investors without a license, repeatedly...

Hong Kong Cracks Down on Securities Tokens – 7 Crypto Exchanges Targeted

The Hong Kong Securities and Futures Commission has sent letters to seven cryptocurrency exchanges regarding their listings of securities tokens without a license. Most of the exchanges took immediate rectification measures, including removing problematic cryptocurrencies from their platforms....

Japanese Financial Authority Inspecting 32 Cryptocurrency Exchanges

The Japanese Financial Services Agency has announced that it is inspecting all 32 cryptocurrency exchanges in Japan. This includes 16 exchanges that have not obtained a license but are currently under review by the agency and those that...

Japan Unfazed By Recent Exchange Hack Realizing Cryptocurrencies Not to Blame

Japanese investors are undeterred by the recent Coincheck hack and the general public is now more interested in cryptocurrencies due to the constant hype in the media. Bitflyer, Japan’s largest crypto exchange by volume, is seeing a rapid...

Japan’s Most Popular Chat App Launching Cryptocurrency Exchange

The operator of Japan’s most popular chat app with approximately 168 million monthly users has announced its plans to launch a cryptocurrency exchange. Line Corporation has already begun the registration process as a crypto exchange with the country’s...

Japanese Crypto Exchanges Strengthen Self-Regulation Following Coincheck Hack

Japanese cryptocurrency exchanges are strengthening their self-regulation procedures following the hack of one of the country’s largest crypto exchanges, Coincheck. The Japanese Financial Services Agency has yet to approve Coincheck’s registration as a crypto exchange. Also read: Japan’s DMM...

Bitflyer Launches in Europe – Now Licensed on Three Continents

Japan’s leading cryptocurrency exchange Bitflyer has launched in Europe after obtaining a license to operate in the European Union. The exchange currently supports BTC/EUR trading, with a plan to add other cryptocurrencies later on this year. Also read: Cryptocurrency...

Belfrics Granted ‘Sandbox License’ to Open Cryptocurrency Exchange in Bahrain

The Central Bank of Bahrain has awarded bitcoin technology provider, Belfrics Global, a sandbox license to open and operate a cryptocurrency exchange in the Arabian Gulf nation. As such, Belfrics is reported to have become the first company...

Japan Approves New Bitcoin Exchange as Adoption Grows and Peers Expand Overseas

The Japanese financial regulator has approved one more cryptocurrency exchange, making it the 16th exchange to be licensed. As competition intensifies, some local exchanges are branching abroad in search for more volume and liquidity. Meanwhile, more merchants are...