Posts Tagged: Japan

Taiwan Follows Japan’s Bitcoin-Friendly Move, Avoids Outright Ban

Bitcoin

In a positive move for the cryptocurrency market, Taiwan has announced that it won’t be banning digital currencies like bitcoin. News of what Taiwan intends to do avoids the harsher steps taken by China and, more recently, South Korea. Instead, Taiwan is copying the move by Japan by embracing the digital currency market. The news… Read more »

Japan’s FSA Regulator to Monitor Bitcoin Exchanges from October

Bitcoin Exchanges

Japan’s Financial Services Agency (FSA) is to begin monitoring Japanese bitcoin exchanges from October. According to the Japan Times, the move is to ensure that digital currency exchanges have the correct internal systems, such as protecting customer assets, in place. If not, on-site inspections will be carried out. In April, a revised payment services law… Read more »

Bitcoin Price Soars to New All-Time Record High Above $4,600

Bitcoin Price

The number one digital currency has gone and done it again. The bitcoin price has scaled to over $4,600 for the first time, pushing its market cap value to over $76 billion. At 13:54 UTC, on the 29th August, the bitcoin price was recorded at $4,602. As a result, the combined market value soared to… Read more »

Digital Currency Licenses Granted to Two Filipino Bitcoin Exchanges

Digital Currency

Two digital currency exchanges in the Philippines have been granted licenses from the Philippines central bank. In a report from local publication, The Philippine Star, the Bangko Sentral ng Pilipinas (BSP) has approved the registration of two bitcoin exchanges in the country. According to the report, the move is part of efforts to regulate the fast… Read more »

Innovate UK Seeks Blockchain Pitches in £8 Million Startup Competition

UK Blockchain

A U.K. government agency is reaching out to blockchain startups in a competition that is focused on digital health solutions. In a notice from Innovate UK, a nondepartmental public office that is designed to promote innovation through grants and investments, it is offering up to £8 million for U.K. businesses to work on innovation projects… Read more »

Egyptian Central Bank Deputy Governor Rejects Bitcoin Adoption Rumour

The God: Amun Ra

The deputy governor of Egypt’s central bank has rejected claims that bitcoin adoption will take place at the country’s banks. In a statement posted on Arabian news site Amwal Al Ghad, Lobna Helal, the Central Bank of Egypt’s (CBE) deputy governor, denied reports that the bank was permitting banks to handle bitcoin adoption. In a statement,… Read more »

Before the Trial in Japan: Mt Gox’ Former CEO Mark Karpelès Prepares

Mt Gox

The former CEO of the now-defunct bitcoin exchange Mt Gox is preparing to head to trial in Japan next week where he faces embezzlement charges relating to the disappearance of around 650,000 bitcoins. French-born Karpelès, who was released on bail last year from a Tokyo detention house on the condition that he didn’t leave Japan, is expected… Read more »

Is the PBoC’s Regulation Crackdown Cooling Bitcoin Fever in China?

PBoC Bitcoin

A surge of interest in bitcoin has seen its price reach new heights, yet the excitement of the digital currency market in China has been watered down due to the nations government who wants to control bitcoin. According to a salesperson at Huobi, one of the ‘Big Three’ digital currency exchanges in China, the platform is… Read more »