Search results for Japan Virtual and Crypto Assets Exchange Association
Crypto
Japan FSA asks crypto exchanges to delay withdrawals to block fraud
Japan’s Financial Services Agency has asked cryptocurrency exchanges to introduce additional safeguards such as delayed withdrawals and pre-registration of withdrawal addresses. The request is aimed at preventing users from transferring crypto off-platform for a period after depositing fiat currency or buying digital assets. The agency made the request with the National Police Agency in response to rising cases where fraud proceeds are quickly moved out of exchange accounts.
Crypto
Japan moves to allow spot crypto ETFs; could Shiba Inu benefit from regulatory easing?
As Japan moves to fold cryptocurrencies into its regulated financial products framework, Shiba Inu (SHIB) may benefit in the local market. The shift includes transferring oversight from the Payment Services Act to the Financial Instruments and Exchange Act and could ease tax burdens while strengthening investor protection and trading rules. Plans to create a legal basis for crypto exchange-traded funds are also advancing. Shiba Inu has already entered Japan’s regulated distribution channels and is traded on major platforms.
Crypto
Rakuten to give Shiba Inu, Dogecoin for posting pet dog photos
Rakuten Wallet, the cryptocurrency service of Japanese e-commerce company Rakuten, has launched a campaign that pays users Shiba Inu (SHIB) and Dogecoin (DOGE) for posting pet dog photos. The contest targets up to 44 million potential participants and will select 11 winners. The move reflects a trend in Japan’s retail sector to use memecoins for customer acquisition, loyalty programmes and payment services, amid regulatory easing.
