Japan's Money Forward Plans to Launch a Crypto Exchange
The company operates a popular personal financial management application, which reportedly has over 5.5 million users.
- Rosemary Tomichan
- May 25, 2018
- May 05, 2024
The company operates a popular personal financial management application, which reportedly has over 5.5 million users.
Oki Matsumoto, the Monex CEO believes that while Japan is a very progressive market when it comes to cryptocurrencies - the US is expected to soon take it over.
Japan’s Mitsubishi UFJ Financial Group (MUFG) has announced that they are planning to launch their own cryptocurrency, the MUFG Coin, by 2019.
Japan's Financial Services Agency has now introduced new regulatory steps to ensure that exchanges follow the highest standards of security.
Monex CEO feels cryptocurrencies are in the same category as derivatives and just like derivatives took their time, cryptocurrencies will also be adapted
SBI Group's much-awaited cryptocurrency exchange is all set to start off sometime in the Summer of 2018, President and CEO Yoshitaka Kitao has confirmed.
16 licensed Japanese cryptocurrency exchanges have come together to build a self-regulatory organization
Cryptocurrency fraud is on the rise in Japan as 5 individuals got arrested for buying cryptocurrencies in fake fiat money. A total of 12 arrests have been made in this case.
As on April 16, 2018, Coincheck has become a wholly owned subsidiary of Monex Group with an investment of 3.6 billion yen,following the hacking scandal that plagued the company.
Kraken Cryptocurrency Exchange announced that it will no longer be providing services to residents of Japan, citing high costs in doing business in the region.
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