Japan regulator warns cryptocurrency exchange over unregistered operations

World's biggest cryptocurrency exchange Binance is heading to Malta from Hong Kong

World's biggest cryptocurrency exchange Binance is heading to Malta from Hong Kong

In a report from Bloomberg, the cryptocurrency exchange, founded by Zhao Changpeng, has several staff members in Japan; however, an unnamed source said that the exchange had been expanding without receiving permission to do so. - Changpeng Zhao, Binance's chief executive.

Binance also plans to launch a decentralized exchange in the coming months, Zhao said, adding that about 10 teams are working on its development, but that the technology is now too slow to replace the company's existing centralized exchange.

Founded past year in Hong Kong by Changpeng Zhao, the exchange moved its operations to Japan in response to China's ban on crypto activities last September.

The drop was triggered by media reports, suggesting that Japan's financial watchdog, the Financial Services Agency, planned to issue a warning against Hong Kong-based cryptocurrency exchange Binance for operating in the country without registration.

Binance has not yet commented on the regulatory statement. "Our lawyers alled JFSA immediately, and will find a solution. Protecting user interests is our top priority", said Zhao.

Previously, Japan had passed favorable cryptocurrency regulations, and these two factors have led several mainstream companies to begin developing cryptocurrency exchanges.

Explosion outside sports stadium reportedly kills up to 20 in southern Afghanistan
There were fears the figure could rise, however, with the health ministry giving a higher toll of 29 people killed and 52 wounded. While many foreign fighters have been active in the country, most are from neighbouring countries like Pakistan or Uzbekistan.

Taking a Peek at Shares of Voya Financial, Inc. (NYSE:VOYA)
Voya Financial, Inc . (NYSE: VOYA ) now has a Weekly Volatility of 2.51% percent while its Monthly Volatility is at 2.32% percent. The disadvantage of using just RSI to track a stock is that large surges or declines can create false buy or sell conditions.

Kinder Morgan, Inc. (KMI) - Active Stock Momentum
Kinder Morgan, Inc . (NYSE: KMI ) now has a Weekly Volatility of 4.38% percent while its Monthly Volatility is at 2.51% percent. Zacks Investment Research downgraded shares of Kinder Morgan from a "buy" rating to a "hold" rating in a report on Tuesday.

Japan's Financial Security Authority is set out to stop Binance from operating in its country any further, according to the trusted resources within the crypto community.

The agency is also demanding security overhauls on exchanges that are yet to be registered.

As CCN reported, the FSA has ramped up enforcement of the cryptocurrency trading industry in the months following a record-setting theft at Tokyo exchange Coincheck.

While China, India, US and a few more countries are showing hostility towards cryptocurrencies, Malta is using the chance to attract investments and make itself a hub for digital assets.

Japan past year made it mandatory for cryptocurrency exchanges to be registered, and the FSA last month issued a warning to Macau-based Blockchain Laboratory for operating without registration.

The website CoinMarketCap lists Binance, which was established in 2017, as boasting the second highest 24-hour trading volume of any cryptocurrency exchange on the day that the reports were published.

Recommended News

  • Peru, Corruption, and What to Do about the Summit of the Americas

    Peru, Corruption, and What to Do about the Summit of the Americas

    Kuczynski maintains he left a business partner in charge of the consultancy while a minister and paid taxes. Indigenous community representatives fighting for the land have their lives threatened.

    Host Hotels & Resorts, Inc. (NYSE:HST)

    The insider now directly owns 12,342 shares worth $233,511. 8,674 are owned by Stevens First Principles Investment Advsrs. The Host Hotels & Resorts, Inc. exchanged hands with 4488187 shares compared to its average daily volume of 6.98M shares.
    Elgar carries bat before South Africa strike twice

    Elgar carries bat before South Africa strike twice

    He sliced a no-ball for four, then was bowled by a ball which went between bat and pad with Warner stuck on his crease. David Warner and Rabada have been the big names of this series - as much for off-field activity as their cricket.
  • Did Meghan Markle Just Drop Her Own Royal Baby Hint?

    Did Meghan Markle Just Drop Her Own Royal Baby Hint?

    Meghan Markle was made very welcome in Northern Ireland yesterday, and we hope to see much more of her after she weds her prince. She and Harry, 32, met a husband-and-wife team who make innovative baby products at a Belfast science park.

    The Kinder Morgan (KMI) Shares Sold by Yorkville Capital Management LLC

    It improved, as 40 investors sold PSX shares while 369 reduced holdings. 69 funds opened positions while 257 raised stakes. Wellington Shields Cap Mngmt Limited Liability Com invested 0.09% in Kinder Morgan, Inc . (NYSE: KMI ) for 162,306 shares.
    US drops charges against Turkish president's bodyguards in DC brawl

    US drops charges against Turkish president's bodyguards in DC brawl

    Federal prosecutors made the decision to drop the charges against 11 of the 15 security members in connection with the incident. Instead, the office only responded to inquiries this week after requests from The Wall Street Journal .
  • Avinger Inc (NASDAQ:AVGR) Insider Purchases $50000.00 in Stock

    The current share price indicates that stock is -98.61% away from its one year high and is moving 20.00% ahead of its 52-week low. That is, if security is continuing higher in an uptrend, the amount of the protection should also increase and vice versa.
    NC mother arrested after toddler is seen online smoking marijuana

    NC mother arrested after toddler is seen online smoking marijuana

    A 10-second clip of the video was reshared by a Facebook user who urged for the mother to be identified and arrested. The incident happened sometime between December 1, 2017, and January 31, 2018, according to the warrants.
    'Alternate suspect' in Greg Kelley case charged with sexual assault

    'Alternate suspect' in Greg Kelley case charged with sexual assault

    According to police, the 15-year-old girl had been away from the home for some time, and had not informed her parents. The victim said she "blacked out at some point" and somehow ended up at a friend's house in Williamson County.
  • (TRP) Position Raised by Folger Hill Asset Management LP

    (TRP) Position Raised by Folger Hill Asset Management LP

    Luminus Management Llc increased Ashland Global Hldgs Inc stake by 314,567 shares to 1.44M valued at $94.13 million in 2017Q3. Balyasny Asset Mgmt Ltd Liability Company stated it has 2.61 million shares. $899,261 worth of Electronic Arts Inc.

    Discovery Communications, Inc. (DISCA)

    The institutional investor owned 26,386 shares of the company's stock after buying an additional 3,777 shares during the quarter. Moffett Nathanson raised Discovery from a sell rating to a neutral rating in a research report on Tuesday, February 20th.
    Police footage shows Uber driver was distracted before self-driving crash

    Police footage shows Uber driver was distracted before self-driving crash

    For published video (see below) shows that a woman with a bike appears out of the darkness directly in front of the vehicle . Those who wish to view the video can do so here, but ConsumerAffairs warns that the content is graphic.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.