2 Japanese Exchange Execs Left JVCEA After FSA Actions

As reported, two vps of the Japan Virtual Currency Exchange Association have left the organization
26 June 2018   896

The CEO of the Japanese currency exchange bitFlyer, Yuzo Kano, and the Bitbank CEO, Noriyuki Hiroyuki, left the posts of the chairmen of the Japan Virtual Currency Exchange Association (JVCEA). This is reported by ETHNews.

According to the Association's official website, earlier both exchanges received instructions from the Financial Services Agency (FSA) on improving anti-money laundering practices.

[Organization] will continue to do [its] utmost to protect the interests of users and to promote the sound development of the virtual currency exchange industry, including the early establishment of voluntary regulation rules.

Japan Virtual Currency Exchange Association

It is noted that despite the resignation of Kano and Hiroyuki, both exchanges remain members of the Association.

The names of the contenders for the posts of the new JVCEA chairmen are not yet named.

Earlier in June, the Japanese currency exchange bitFlyer temporarily suspended registration of new users because of FSA requirements on mandatory verification of customers.

Most Crypto-Optimists Live in Norway, Bitflyer Study

According to bitFlyer's poll on future of crypto, europeans believes cryptocurrency has future
24 April 2019   778

Most Europeans believe that in ten years digital currencies will continue to be in demand, but they do not have the same confidence about Bitcoin. This is reported by Cryptonews, citing a study of the bitFlyer.

10 thousand people from ten European countries took part in the online survey. Of these, 63% believe in a “bright future” cryptocurrency. However, not all Europeans are confident in the future of Bitcoin - only 55% believe that the first cryptocurrency will exist in ten years.

It is also noteworthy that, despite the fall in prices of most cryptocurrencies that lasted for almost a year, the majority of respondents positively assessed the prospects for the development of the market.

Most of the “crypto-optimists” turned out to live in Norway - 73% of the inhabitants of this Scandinavian country are convinced that a decade later, digital currencies will still be in society. This is followed by Italy (68%), the Netherlands and Poland close the top four (67% each).

The percentage of consumers who believe cryptocurrencies will still exist in 10 years’ time
The percentage of consumers who believe cryptocurrencies will still exist in 10 years’ time

But the exact form of cryptocurrency will exist, almost no one knows. Only 8% believe that they will become money, and 7% - a tool for investment or a means of preserving value.

The fact that Bitcoin is not generating as much support as other cryptocurrencies is in part a symptom of the market’s volatility, but is also a direct impact of the constant media attention that is associated to its volatility.

Andy Bryant

COO, bitFlyer Europe

He also added that the study demonstrated how much remains to be done to increase public awareness of the benefits and opportunities of cryptocurrencies.