Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
The Daily Hodl
No Result
View All Result

Japan Set to Address New Crypto Regulations at the G20 Summit in June

by Daily Hodl Staff
March 26, 2019
in Regulators
‏‏‎ ‏‏‎ ‏‏‎ ‏‏‎
‎‎‎ ‏‏‎

According to local news outlet Sankei, the upcoming G20 Summit in Osaka, Japan, from June 28th to 29th, lists cryptocurrencies as a leading topic on the agenda. Prime Minister Shinzō Abe’s government will address recent amendments to the Financial Instruments and Exchange Law and the Fund Settlement Act regarding virtual currencies and the digital economy.

There will be a special focus on security. In the wake of the Coincheck hack, which drained $532 million worth of NEM last year from the Japanese crypto exchange, policymakers are aiming to intensify crypto trading restrictions.

Following the Coincheck hack, which was made possible due to crypto storage in hot wallets that interfaced with the internet, Japan’s Financial Services Agency has introduced legislation that requires customers to manage their own crypto assets using a “cold wallet” that is disconnected from the Internet.

Crypto margin transactions are to be regulated more tightly, permitting Japanese trading platforms to offer leverage up to four times more than traders’ deposits – significantly less than the 100x leveraged trades on BitMEX, the world’s top exchange for Bitcoin and crypto derivatives.

According to local news outlet Nikkei, the bill also prohibits any advertising that promotes speculative trading, and it forbids price manipulation.

Speaking at a press conference about the new crypto restrictions and amendments, Deputy Prime Minister and Finance Minister Tarō Asō announced that Japan will no longer refer to the asset class as “virtual currency” in order to avoid confusion with national fiat currencies such as the yen and the dollar.

“In light of international trends, the so-called ‘virtual currency’ designation in the world is expressed as ‘cryptographic assets’ and will be changed to this.”

Japan will host its first-ever G20 Summit in June, convening world leaders from Argentina, Australia, Brazil, Canada, China, the European Union, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United Kingdom, and the United States.

Follow us on Facebook            Join us on Telegram            Follow us on Twitter


Check Latest News Headlines


ADVERTISEMENT


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Crypto Livewire – Press Releases

  • OpenDAX 3.0 With Exchange Liquidity Network (XLN) by Openware Goes Live
    March 6, 2021
  • Mogul Brings NFTs and DeFi to the Film Industry, Announces Access Pass Sale
    March 5, 2021
  • eToro and DS TECHEETAH Change Face of Sponsorship With Unique Profit Only Deal
    March 3, 2021
  • Unifi Farms Beta Launches on Unifi Protocol to Pioneer No-Stake Farming
    February 26, 2021
  • Bang Bang: Critical Factors Fueling Rise of the Retail Investor
    February 25, 2021
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$50,151.00
$50,151.00
3.1%
Ethereum
$1,654.18
$1,654.18
0.35%
Binance Coin
$234.28
$234.28
4.26%
Polkadot
$33.99
$33.99
2.54%
Cardano
$1.12
$1.12
0.52%
XRP
$0.461646
$0.461646
0.06%
ADVERTISEMENT

Spotlight

  • Biden’s SEC Chair Nominee Says Bitcoin and Crypto Are Transformative Technologies
    March 3, 2021
  • Ethereum Poised To Become a Deflationary Asset As EIP 1559 Gets Approved for July
    March 7, 2021
  • Ripple-Backed Developer Launches Proposal To Bring Red-Hot NFTs to XRP Ledger
    February 28, 2021
  • Fight Club: Ousting Fakes With the Tech That Powers Bitcoin
    March 4, 2021

DON’T MISS A BEAT

Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options

By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.

Check your inbox for confirmation email.

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX • Explore • Futuremash •
Crypto Livewire

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2021 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro

© 2020 The Daily Hodl

×
We use cookies to give you the best online experience possible. Continue browsing if you are happy with that, or see how to manage cookies.