Two Bitcoin Exchanges shut down as Regulators tighten grip in Japan

A shakedown is happening in Japan as regulators tighten their grip on Cryptocurrency exchanges.     As per Japanese Law, all cryptocurrency exchange operators are required to register with the FSA – Financial Services Agency, and as reported by the Nikkei Asian Review, of the thirty-two exchanges in Japan, half have registered while the other sixteen continued to operate under review. Tokyo GateWay and Mr. Exchange are the two exchanges withdrawing their applications to register.   Just one year ago, on 1 April 2017, the Japanese government passed into law…

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Bitcoin Fever Explodes across Japan

  Since 1 April 2017 and the introduction of the new bitcoin law, Japan is moving full steam ahead with bitcoin adoption.  Shortly after the law was set in motion, Major Japanese retailers embraced bitcoin payments, namely Bic Camera and Recruit Lifestyle.   Recently, Peach Aviation, a popular Japanese Airline, announced they were to accept bitcoin as payment for flights.  In a statement by Shinichi Inoue, the founder and CEO of Peach “We want to encourage visitors from overseas, and the revitalization of Japan’s regions. This is a real first step in partnerships…

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