TOKYO  – Japanese cryptocurrency firm Tech Bureau Corp said about $60 million in digital currencies were stolen from its exchange, highlighting the industry’s vulnerability despite recent efforts by authorities to make it more secure. Tech Bureau, which had already been slapped with two business improvement orders by regulators this year, said its Zaif exchange was […]

By Laura Desmond The new head of Japan’s primary financial regulator has backed the domestic cryptocurrency sector to grow while ruling out ‘excessive’ regulation for exchanges. In statements certain to encourage the domestic cryptocurrency sector, Toshihide Endo, the newly appointed commissioner of Japan’s Financial Services Agency (FSA), told Reuters that the authority is aiming to […]

Jonathan M. Padilla is a Schwarzman Scholar at Tsinghua University where he wrote the dissertation “New Regulations for the New Economy: A Proposal for the G20 on the Regulation of Cryptocurrency,” from which this article was adapted. He has advised major e-commerce and natural resource companies on blockchain integration and has a background in government and […]

Seiko Noda, Japan’s internal affairs minister, denied having an interest in a cryptocurrency company under investigation and interfering in that investigation, according to a report in Asahi Shimbun. As a Cabinet minister, Noda could be accused of trying to influence a government investigation. Noda acknowledged that one of her aides was present at a meeting on Jan. 30 […]