8 Firms to stop to operate as Crypto Exchanges in Japan

  Japanese regulator has confirmed 8 companies want to withdraw applications to operate crypto exchanges and about 100 more companies are to enter the market
01 May 2018   1118

The Japanese FSA (Financial Services Agency) organized a study group to consider  the state of cryptocurrencies in Japan last week. In the number observers of the meeting were delegates from the Bank of Japan, the Ministry of Justice, the Consumer Affairs Agency, and the Ministry of Finance. In addition, Taizen Okuyama, President of the newly formed self-regulatory establishment and of foreign exchange platform provider Money Partners Group, was present. 

The agency stated that 8 “deemed dealers” are aimed to withdraw their applications to work cryptocurrency exchanges. According to the Revised Fund Settlement law, deemed dealers are let to operate crypto exchanges while their applications are being investigated by the agency.  

Eight deemed virtual currency exchange companies announce the intention to withdraw registration applications…One company confirms that it does not fall under the virtual currency exchange industry as a result of grasping the actual situation in detail. 
FSA 
(Financial Services Agency), Japan 

Seven of them will totally withdraw their applications – Tokyo Gateway, Mr. Exchange, Raimu, Bitexpress, Bit Station, Campfire, and Payward Japan which operates Kraken exchange. The FSA revealed that Debit will withdraw its application as a deemed dealer because it does not fall under this classification. Also, about 100 firms have expressed their intention to enter the crypto market. 

The financial watchdog also revealed the number of administrative fines that have been issued so far. Five crypto exchanges have received business suspension orders while seven business improvement orders, excluding Coincheck. In common, 14 orders have been made: one on January 29, seven on March 8, three on April 6, one on April 11, one on April 13, and one on April 25. Coincheck and FSHO received two orders. 

Among the 100 firms to enter the space was Cyberagent which operates the Internet TV station “Abema TV” and the Internet ad business, which boasts the largest market stake in Japan.

Brave Allows to Buy Crypto at Binance Inside the App

Now a widget on the tabs in the Brave browser gives users direct access to both the Binance US
25 March 2020   935

Decentralized browser Brave announced a partnership with the cryptocurrency exchange Binance. Now, Brave users will be able to buy cryptocurrencies on Binance simply by opening a new tab in the browser.

A widget has appeared on the tabs in the Brave browser, which gives users direct access to both the Binance main site and the site of the American division of the exchange. Users will be able to exchange cryptocurrencies, view their balance and receive addresses for depositing cryptocurrencies directly in the browser. At the same time, developers left the option to disable the widget in the settings.

The developers emphasized that the widget uses the Binance API and does not download any data from the exchange servers, so that user data is protected. The new feature is available in the desktop version of Brave Nightly, and in the main version of the program it will appear in April.

The Binance widget on Brave’s privacy-oriented browser instills a safer way to buy and sell crypto and also reduces user friction to onboard, trade and interact with the Binance ecosystem. We are looking forward to our long-term partnership with Brave to make it even easier to interact with crypto and encourage more utility in the near future.

 

Changpeng Zhao

CEO, Binance