четверг, 14 июня 2018 г.

bitcoin_japan

Buy Bitcoin in Japan

All links are external & open in a new tab, except for "Read Review" buttons. Before jumping into this page, an important disclosure.

You'll need a Bitcoin wallet before you buy since some exchanges require one.

Don't have a wallet? Read our guide on the best Bitcoin wallets.

Coinmama

Coinmama allows customers in almost every country to buy bitcoin with a credit or debit card. They charge an

6% fee on each purchase.

  • Works in almost all countries
  • Highest limits for buying bitcoins with a credit card
  • Reliable and trusted broker
  • Some of the highest fees among credit/debit card bitcoin brokers

LocalBitcoins

LocalBitcoins is an escrow service which also helps to match bitcoin buyers and sellers. The most common method of payment for purchase is cash deposit. However, users may advertise trades for whichever payment method they prefer.

  • Can be private, fast and easy
  • In-person trades require no personal information
  • Purchases of bitcoin can be made quickly via cash deposit
  • Beware of scams; always follow the rules!
  • Harder to buy large amounts of bitcoins compared to large exchanges
  • Slightly to significantly higher prices than regular exchanges; premium for higher privacy

bitFlyer

bitFlyer is the largest Bitcoin broker and exchange in Japan, in terms of users, average daily volume and investment capital. In fact, it is one of the largest Bitcoin exchanges in the world. You can deposit funds via credit card or bank transfers, with Quick Deposit functionality enabled for many banks.

Bitcoin's Price Wobbles as Japan Cracks Down On Cryptocurrency Exchanges

Japan suspended trading on two cryptocurrencies on Thursday, following a reported $530 million cyber heist at Coincheck, one of the country’s largest crypto platforms, in January.

The country’s Financial Services Agency (FSA) have ordered Bitstation and FSHO to suspend business for at least a month, Reuters reports, after finding that Bitstation’s executive previously used customer funds for personal transactions, while FSHO allegedly failed to shore up customer protection. The FSA’s sanctions on Thursday also caused Bitcoin prices to briefly plunge. At time of publication, Bitcoin’s price was down about 7% over the last 24 hours.

In addition to Bistation and FSHO, the FSA has imposed “administrative penalties” on five other cyrptocurrency platforms, including Coincheck, ordering them to improve their risk management to prevent further cyber hacks.

Following the announced FSA penalties, Coincheck CEO Koichiro Wada told reporters that the exchange’s systems “weren’t in keeping with the expansion of our business.” The company has until March 22 to inform the regulator on its plans for improvement. It will also have to repay digital investors $434 million (46 billion yen) following the January heist.

Last year Japan became the first country to regulate cryptocurrency exchanges.

Neither Bitstation or FSHO could be reached for comment by media outlets.

Bitcoin spikes after Japan says it's a legal payment method

Bitcoin trades up 2.8% at $1,133 a coin as of 7:08 a.m. ET on Monday. The cryptocurrency's gains come after Japan announced on Friday that bitcoin would be accepted as a legal payment method beginning on April 1, 2017.

It's the first bit of good news for bitcoin in quite some time. Recent chatter in the market has centered around developers threatening a "hard fork" that would split the currency in two.

Additionally, the US Securities and Exchange Commission rejected two bitcoin ETFs in March, saying that it did not find the proposals "to be consistent with Section 6(b)(5) of the Exchange Act, which requires, among other things, that the rules of a national securities exchange be designed to prevent fraudulent and manipulative acts and practices and to protect investors and the public interest."

Bitcoin has gained more than 19% so far in 2017. It has been the top-performing currency every year since 2010, except for 2014.

Investing.com

Bitcoin Soars to Record High of $1,400 Due to High Demand in Japan

(LONDON) — Bitcoin surged to an all-time high above $1,400 on Tuesday, after more than tripling in value over the past year, with its most recent rise attributed to strong demand in Japan, where the digital currency has been deemed a legal means of payment.

Cryptocompare, a data website that analyses bitcoin trading across dozens of exchanges globally, said around 50 percent of trading volume over the past 24 hours had been on the bitcoin/Japanese yen exchange rate.

“The Japanese have recently warmed their approach towards bitcoin by treating it legally as a form of payment – a ratification and bringing into the regulatory fold,” said Charles Hayter, the website’s founder.

“China’s clampdown on exchanges can also be seen as a positive move for the industry too,” he added.

Chinese authorities have increased scrutiny of exchanges this year and have forced them to start charging trading fees, after becoming concerned about bitcoin speculation and its potential use in money laundering.

Bitcoin surged as much as 3 percent on Tuesday on the Europe-based Bitstamp exchange, where trading is dollar-denominated, to hit $1,437, its highest since its 2008 launch. That marked a more than 200 percent increase from its price in early May last year.

Its current levels put the total value of all bitcoins in circulation – the so-called “market cap” – close to $25 billion, putting its worth on a par with a large-cap company.

Bitcoin Regulation In Japan

Different governments have taken different stances on Bitcoin. For example, Bangladesh has outlawed it and Germany considers it “private money.”

Within the US, different states have different standpoints, as each state possesses respective laws.

Japan has decided to take an interesting stance on it.

Mt Gox, which was based in Japan, went bankrupt in February 2014, reportedly losing some 850,000 bitcoins (332,100,000 USD as of today). This was the first time most Japanese people heard about Bitcoin. Now it’s a familiar term in the country.

Since then, many companies have launched bitcoin related services.

In March of 2014, the Japanese government made a cabinet decision on the legal treatment of Bitcoin. The decision did not rule bitcoin as currency nor as a bond; this prohibited banks and securities companies from dealing with bitcoins.

An 8% Consumption Tax will be levied on sales of Bitcoin because of existing laws. However if bitcoins are purchased from consumers (even if you purchase it through exchange), no consumption tax will be levied.

The Japanese Government ultimately ruled that it is not necessary to regulate sales, purchases, and/or exchanges of bitcoins.

Japan has recognized Bitcoin’s great potential, and, in a gallant act of confidence, has asked members within the bitcoin industry to form a self-regulatory authority.

It is called the Japan Authority of Digital Assets (JADA). JADA is supported by Liberal Democratic Party of Japan (LDP)’s IT committee, and is currently in discussion with Japanese government offices. There is no specific governmental office that regulates JADA.

I met So Saito, the legal council to JADA, at the NYC Bitcoin Center, where he came to speak about Bitcoin regulation in Japan.

“LDP would like to make Japan the most Bitcoin friendly country,” says So Saito.

JADA’s purposes include:

  • make AML and security guidelines
  • audit exchanges pursuant to the above guideline
  • research the bitcoin business
  • have discussions with governmental offices
  • have discussions with digital currency companies and digital currency related organizations
  • hold digital currency events
  • help new digital currency companies
  • provide consultation regarding digital currencies

They have announced that they would would like to cooperate with US companies.

Recent JADA press conference in Japan

JADA is in constant discussion with the National Tax Authority (NTA), police agency, and other governmental offices. They are currently discussing the possible removal of the8% consumption tax with the NTA.

The core members of JADA include bitFlyer (exchange), Kraken Japan (exchange), and CoinPass (settlement).

The chief of JADA is Mr. Yuzo Kano, the CEO of bitFlyer. bitFlyer has recently acquired 236K USD in funding. Mr. Kano left his previous job as a trader to found his company after the failure of Mt Gox.

“I believe that starting members will become 10-15 companies although we are still discussing this,’ says So Saito.

JADA is also currently busy drafting guidelines regarding AML/KYC, security and consumer protection especially discussion on level of requirements.

In trying to develop a fully-functioning agency, So Saito outlines one of the main challenges.

“The Bitcoin industry is still quite young and there are many new startups. If we require high standards for entry to JADA, small companies may not be able to join. However, if we require low standards, others (consumers, banks and so on) will not trust JADA, and Bitcoin. Balance is always important.”

“Bitcoin,” he adds, “has huge potential and many new companies enter the industry. I expect more than 100 companies will be members of JADA in three years.”

Visit JADA’s website here.

Which government is correct? It seems as if Bitcoin integration will generally be a trial and error process; different governments can learn from each other in deciding how they will treat it.

In all parts of the world people are working to make Bitcoin work. Different cultures bring with them their own inherent methodologies and cultural codes that, over time, will help to reveal the best way of approaching this new technology.

US Search Mobile Web

Welcome to the Yahoo Search forum! We’d love to hear your ideas on how to improve Yahoo Search.

The Yahoo product feedback forum now requires a valid Yahoo ID and password to participate.

You are now required to sign-in using your Yahoo email account in order to provide us with feedback and to submit votes and comments to existing ideas. If you do not have a Yahoo ID or the password to your Yahoo ID, please sign-up for a new account.

If you have a valid Yahoo ID and password, follow these steps if you would like to remove your posts, comments, votes, and/or profile from the Yahoo product feedback forum.

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Improve your services

Your search engine does not find any satisfactory results for searches. It is too weak. Also, the server of bing is often off

I created a yahoo/email account long ago but I lost access to it; can y'all delete all my yahoo/yahoo account except for my newest YaAccount

I want all my lost access yahoo account 'delete'; Requesting supporter for these old account deletion; 'except' my Newest yahoo account this Account don't delete! Because I don't want it interfering my online 'gamble' /games/business/data/ Activity , because the computer/security program might 'scure' my Information and detect theres other account; then secure online activities/ business securing from my suspicion because of my other account existing will make the security program be 'Suspicious' until I'm 'secure'; and if I'm gambling online 'Depositing' then I need those account 'delete' because the insecurity 'Suspicioun' will program the casino game 'Programs' securities' to be 'secure' then it'll be 'unfair' gaming and I'll lose because of the insecurity can be a 'Excuse'. Hope y'all understand my explanation!

I want all my lost access yahoo account 'delete'; Requesting supporter for these old account deletion; 'except' my Newest yahoo account this Account don't delete! Because I don't want it interfering my online 'gamble' /games/business/data/ Activity , because the computer/security program might 'scure' my Information and detect theres other account; then secure online activities/ business securing from my suspicion because of my other account existing will make the security program be 'Suspicious' until I'm 'secure'; and if I'm gambling online 'Depositing' then I need those account 'delete' because the insecurity 'Suspicioun' will program the casino game 'Programs' securities' to be… more

chithidio@Yahoo.com

i dont know what happened but i can not search anything.

Golf handicap tracker, why can't I get to it?

Why do I get redirected on pc and mobile device?

Rahyaftco@yahoo.com

RYAN RAHSAD BELL literally means

Question on a link

In the search for Anaïs Nin, one of the first few links shows a picture of a man. Why? Since Nin is a woman, I can’t figure out why. Can you show some reason for this? Who is he? If you click on the picture a group of pictures of Nin and no mention of that man. Is it an error?

Repair the Yahoo Search App.

Yahoo Search App from the Google Play Store on my Samsung Galaxy S8+ phone stopped working on May 18, 2018.

I went to the Yahoo Troubleshooting page but the article that said to do a certain 8 steps to fix the problem with Yahoo Services not working and how to fix the problem. Of course they didn't work.

I contacted Samsung thru their Samsung Tutor app on my phone. I gave their Technican access to my phone to see if there was a problem with my phone that stopped the Yahoo Search App from working. He went to Yahoo and I signed in so he could try to fix the Yahoo Search App not working. He also used another phone, installed the app from the Google Play Store to see if the app would do any kind of search thru the app. The Yahoo Search App just wasn't working.

I also had At&t try to help me because I have UVERSE for my internet service. My internet was working perfectly. Their Technical Support team member checked the Yahoo Search App and it wouldn't work for him either.

We can go to www.yahoo.com and search for any topic or website. It's just the Yahoo Search App that won't allow anyone to do web searches at all.

I let Google know that the Yahoo Search App installed from their Google Play Store had completely stopped working on May 18, 2018.

I told them that Yahoo has made sure that their Yahoo members can't contact them about anything.

I noticed that right after I accepted the agreement that said Oath had joined with Verizon I started having the problem with the Yahoo Search App.
No matter what I search for or website thru the Yahoo Search App it says the following after I searched for
www.att.com.

WEBPAGE NOT AVAILABLE
This webpage at gttp://r.search.yahoo.com/_ylt=A0geJGq8BbkrgALEMMITE5jylu=X3oDMTEzcTjdWsyBGNvbG8DYmyxBHBvcwMxBHZ0aWQDTkFQUEMwxzEEc2VjA3NylRo=10/Ru=https%3a%2f%2fwww.att.att.com%2f/Rk=2/Es=plkGNRAB61_XKqFjTEN7J8cXA-
could not be loaded because:
net::ERR_CLEARTEXT_NOT_PERMITTED

I tried to search for things like www.homedepot.com. The same thing happened. It would say WEBPAGE NOT AVAILABLE. The only thing that changed were all the upper and lower case letters, numbers and symbols.
Then it would again say
could not be loaded because:
net::ERR_CLEARTEXT_NOT_PERMITTED

This is the same thing that happened when Samsung and At&t tried to do any kind of searches thru the Yahoo Search App.

Yahoo needs to fix the problem with their app.

Yahoo Search App from the Google Play Store on my Samsung Galaxy S8+ phone stopped working on May 18, 2018.

I went to the Yahoo Troubleshooting page but the article that said to do a certain 8 steps to fix the problem with Yahoo Services not working and how to fix the problem. Of course they didn't work.

I contacted Samsung thru their Samsung Tutor app on my phone. I gave their Technican access to my phone to see if there was a problem with my phone that stopped the Yahoo Search App from working. He went to Yahoo and… more

Japan's Bitcoin Law Goes Into Effect Tomorrow

Japan is set to begin recognizing bitcoin as a legal method of payment starting tomorrow.

The country's legislature passed a law, following months of debate, that brought bitcoin exchanges under anti-money laundering/know-your-customer rules, while also categorizing bitcoin as a kind of prepaid payment instrument.

It's a debate that began in the wake of the collapse of Mt Gox, the now-defunct bitcoin exchange that shuttered after months of growing complications and, in the end, revelations of insolvency and alleged fraud.

According to Japan's Financial Services Agency, that law goes into effect on 1st April, putting in place capital requirements for exchanges as well as cybersecurity and operational stipulations. In addition, those exchanges will also be required to conduct employee training programs and submit to annual audits.

Yet there may be more work to come in this area.

For example, Nomura Research Institute's Yasutake Okano indicated in a May 2016 report that other Japanese laws may need to change to account for the tech, including the Banking Act and Financial Instruments and Exchange Act.

Reports indicate that other groups in Japan are moving to plug some of those gaps as well.

According to a report from Nikkei, the Accounting Standards Board of Japan decided earlier this week to begin developing standards for digital currencies like bitcoin. Its work mirrors other efforts being undertaken elsewhere, including Australia, which began pushing for such standards late last year.

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Japan: The New Heart of Bitcoin

Yuzo Kano is the CEO for BitFlyer, one of Japan's largest cryptocurrency exchanges. He previously worked at Goldman Sachs developing settlement systems, and later on equities derivatives and convertible bonds.

The following article is an exclusive contribution to CoinDesk's 2017 in Review.

No matter what negative news rocked the community, what hard fork happened or what skeptics stated, bitcoin held strong in 2017.

This is due in no small part to Japan. While the wider community is what breathes life into any coin, Japan is now bitcoin's heart; the country that is at the center of its support. There used to be a concern about the longevity of bitcoin, the safety of using such a novel new invention.

2017 is the year that fear died – and Japan is a big part of that reason.

Where other countries have had knee-jerk responses to bitcoin and blockchain technology, Japan's Financial Services Agency (FSA) expertly analyzed the technology and developed clear and fair laws to regulate virtual currency exchanges. This is no small matter – bitcoin exchanges are the onboard ramp to both bitcoin adoption as well as the future of virtual currencies.

Coming home

With all the positive news this year from Japan, it's only appropriate to acknowledge the country's deep history with cryptocurrency. While we may never know for sure if he (or she) is (or was) Japanese, Satoshi Nakamoto is a Japanese name. Japan is bitcoin's home.

But though bitcoin has always had strong roots in Japan, it was also the center of its biggest controversy.

Some say that Mt. Gox's implosion, now nearly four years removed, was the worst event to ever happen to bitcoin. The numbers were staggering. 650,000 bitcoins, worth around $437 million at the time, were lost when the exchange abruptly closed. The company filed for bankruptcy. This affected over 127,000 customers around the world. Today, those lost bitcoins are worth nearly $9 billion.

Still, this event, while terrible, forced the Japanese regulators to step in and protect consumers.

That disruption, that explosion, is why Japan has become the most forward thinking jurisdiction for bitcoin and virtual currencies. The FSA's understanding of the technology, regardless of the bad or inexperienced actors early in the space, helped lay the foundation on which the rest of the world can begin to understand and fully accept bitcoin and other virtual currencies.

Starting on April 1 of this year, the Japanese government enacted an amendment to the Payment Services Act. These amendments, which BitFlyer helped establish, have been referred to as the Virtual Currency Act and alongside additional tax reform have provided three main pieces of regulation in 2017:

1: Legal clarification of bitcoin

The Virtual Currency Act described and identified what a virtual currency is, clarified that bitcoin is considered an asset and that bitcoin can be considered a payment method.

That act, however, did not declare bitcoin as a legal currency, as some have mistakenly professed.

2: Virtual currency exchange regulation

The Japan Financial Services Authority was granted the ability to both regulate, as well as issue licenses, to virtual currency exchanges in Japan. This cemented bitcoin as an established market in Japan, where the rules are clear and consumers can be protected.

BitFlyer was proud to be granted one of the first licenses of this sort earlier this year in September.

3: One additional piece of regulation from a different act

Lastly, while not part of the Virtual Currency Act, tax reform was pushed forward on July 1, which removed a consumption tax that dissuaded foreign investors from purchasing bitcoins on Japan's market. This opened up Japan's markets to international investors.

Expanding bitcoin and blockchain usage

But while Japan has led the way, the rest of the world should learn from the regulations and research that has resulted.

Here, BitFlyer has been able to work closely with government organizations to provide research and information about the usability of bitcoin and blockchain technology. The research, just like bitcoin, is borderless and publicly available. BitFlyer has also been hard at work researching and developing a world-class enterprise blockchain called "miyabi." With a top speed of over 4,000 transactions per second, miyabi guarantees immutability, finality, Byzantine fault tolerance, low latency and has no single point of failure.

This work has not gone unnoticed.

The largest interbank clearing network in Japan has selected bitFlyer to demonstrate a proof of concept, utilizing miyabi to show how blockchain can be used to revolutionize the banking industry and create a much faster settlement platform. If adopted, the largest banks in Japan will be connected through blockchain and demonstrate to the world that enterprise blockchain can be implemented securely, creating a better and more united financial world.

These developments are why we believe 2018 will be another spectacular year for bitcoin.

Volume has been growing steadily through 2017, the price has been skyrocketing throughout the year, but most importantly, the last pieces for institutional investors to get involved with bitcoin are close at hand.

Even if a bitcoin ETF doesn't gain approval in 2018, the creation of futures products for bitcoin will allow for much more liquidity to enter the markets. Past just conventional derivatives, dozens of trading firms have sprung up over the last year to allow for boutique hedge funds, family offices, or even large-sized individual traders to access the virtual currency markets.

With all of these developments, bitFlyer has realized an incredible opportunity to harness all the liquidity in Japan to fuel these new marketplaces and service new traders. BitFlyer's bitcoin trade volume (including leveraged trading) is the largest in the world. Regardless of the massive inflow of volume institutional firms can bring through derivatives, trading firms will need to trade actual bitcoin for delivery.

BitFlyer's global expansion (such as the recently launched bitFlyer US exchange) seeks to service these markets directly, by providing institutions and individuals everywhere with the ability to participate with the largest source of bitcoin liquidity in the world: Japan.

Disclosure: CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake in bitFlyer.

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Bitcoin exchange Kraken plans to pull out of Japan

Carl Court/Getty Images

  • Kraken, one of the largest cryptocurrency exchanges in the world, is pulling out of Japan, the company announced Tuesday.
  • The news comes as Japanese regulators ramp up oversight over the country's crypto exchanges.

Kraken, one of the largest cryptocurrency exchange operators in the world, is pulling out of Japan, the company announced in a statement Tuesday.

The pull out comes as regulators in the country ramp up oversight efforts after the $500 million hack of Coincheck, one of Japan's domestic exchanges, at the beginning of 2018.

Kraken said it is ceasing operations in Japan to focus its efforts on other regions, but market watchers expect that it might be connected to regulatory pressure from the Japanese Financial Services Agency (FSA). Kraken said it might consider re-entering the market at a later point.

Japan has given out a number of licenses for cryptocurrency exchanges to operate in the country. Kraken, however, was given special permission to operate without one.

Japanese regulators have been cracking down on a number of unlicensed exchanges in the wake of the Coincheck hack.

Notably, regulators in the country issued a warning to Binance, the world's largest cryptocurrency exchange, in March. A number of exchanges have shut their doors in the country, including Mr. Exchange and Tokyo Gateway, per reporting by CoinDesk.

Yo Sub Kwon, the chief executive officer of Hosho, which provides cybersecurity services to exchanges, told Business Insider the regulatory response is "an overdue reaction."

Speaking specifically about Kraken, Kwon thinks "they are going to pull out temporarily and go back to the FSA when they are ready to register with them."

Kwon founded Coinsetter, a cryptocurrency exchange acquired by Kraken in 2016. To be sure, Kwon is not officially affiliated with the exchange.

Japan has been a notable haven for cryptocurrency trading. 40% of bitcoin trading from October to November was conducted in yen, according to a Nikkei report cited in a note by Masao Muraki, a global financial strategist at Deutsche Bank.

The country was among the first to designate bitcoin as a legal tender and it has one of the most well-established regulatory environments for cryptocurrencies.

As for Kraken, the company oversees the trading of as much as $41 million worth of bitcoin on its platform in a 24-hour period, according to data provider CoinMarketCap.

A spokesperson for the company did not respond to a message seeking comment.

Japan Banking Giant Mitsubishi Goes Crypto With Own Coin

Mitsubishi UFJ Financial Group, Inc, one of the top five banks in the world, announced its intention of testing a proprietary cryptocurrency by 2019. The idea is to roll out its coin initially to a relative handful of customers, hoping they’ll participate in finding inevitable bugs as they make typical retail purchases. For Japan, it’s yet another indication the country’s business culture is betting on a crypto future.

Japan Banking Behemoth to Test Proprietary Coin

Mitsubishi UFJ Financial Group, Inc. (MUFG; 株式会社三菱UFJフィナンシャル・グループ), after a few years of plotting (since 2015), appears ready to roll out its own crypto token, MUFG Coin by 2019. In doing so, it would become the first major bank on the planet to issue a variation on cryptocurrency. The plan involves testing MUFG Coin in 2019 with 100,000 users, hoping they will shop the token through retail outlets, everything from clothing to food.

In early 2016, Asahi Shimbun , Japanese daily, broke the story of how MUFG bundled a trial-trial with an iteration then of MUFG Coin and a smartphone app. “MUFG coin takes advantage of the new technology that is on a network of multiple smaller computers,” a company report at the time revealed. “It is possible to cheaply build a tamper-resistant transaction record of the ledger, otherwise referred to as the ‘blockchain.’”

MUFG Coin’s users in 2019 would indeed have to download an app, converting fiat deposits. The token is supposedly designed for parity with Japanese yen. When the project was hatched three years ago, one rationale was to bring down transactional frictions with regard to remittances and transfers, using a variation on peer-to-peer platforms to lower costs.

Japan’s largest bank’s crypto appetite was probably wet by participation years ago in private consortium, R3. Dozens of international banks collaborated at the time to study crypto-related solutions. Indeed, close to a dozen of those banks tested distributed ledger tech using Ethereum by way of Azure. That four continent experiment proved to bankers such as Mitsubishi crypto tech was for real.

Better than Bitcoin?

Fall of last year, MUFG president Nobuyuki Hirano insisted the bank was trying to “overcome issues of virtual currencies and create a highly useful currency.” The quote revealed two things: an acknowledgment the bank was monitoring cryptos, and how ubiquitous currencies such as bitcoin core (BTC) were becoming in Japan, which ruled BTC legal tender.

MUFG president Nobuyuki Hirano

Various reports also claim MUFG is trying to get cooperation from other banks in its digital endeavor. If such is to come about, MUFG Coin will have to compete with J-Coin, a Mizuho bank crypto shooting for roll out during the upcoming Tokyo Olympic games (2020). And while not a bank, Yahoo! Japan has entered the space as well, and e-commerce group DMM (close to 30 million users) has already launched a cryptocurrency exchange.

Mitsubishi United Financial of Japan Group (MUFG) boasts $2.5 trillion in assets. It also ranks second in the world as a holding company, and is the largest financial group in Japan. For its part, regulators such as its Financial Services Agency (FSA) initiated a half dozen mandates aimed at squashing sketchier alternative coins while protecting the existing market.

Did you think big banks issuing their own coins is good for the ecosystem? Share your experiences in the comments section below!

Images courtesy of Shutterstock, MFUG.

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