• Advertise
  • Submit a Press Release
  • About Us
NewsBTC
Bitcoin & cryptocurrency news
Sensei Inu Logo
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
    • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play GamesTry
  • Win 8.88 BTCTry
  • Play Casino GamesTry
  • Play FinanceTry
No Result
View All Result
Breaking News: Fed Holds Interest Rates Steady, Bitcoin Awaits Trend Reversal Above $27,000
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
    • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play GamesTry
  • Win 8.88 BTCTry
  • Play Casino GamesTry
  • Play FinanceTry
No Result
View All Result
Bitcoin News
No Result
View All Result
Breaking News: Fed Holds Interest Rates Steady, Bitcoin Awaits Trend Reversal Above $27,000
Sensei Inu Logo

FSA-Approved Bitcoin Exchange Set to Go Live in Japan

Davit Babayan by Davit Babayan
4 years ago
in Bitcoin, Cryptocurrency Market News
Reading Time: 2 mins read

A new bitcoin exchange in Japan is set to go live on April 16 this year.

Decurret Inc. in March obtained a license from Japan’s Financial Services Agency (FSA) to offer cryptocurrency-enabled spot trading services. The Tokyo-based firm confirmed that it was planning to list Bitcoin (BTC), as well as Ripple (XRP), Bitcoin Cash (BCH), and Litecoin (LTC) at the time of launch. It will further list Ethereum (ETH) this summer.

“As a registered service provider, DeCurret will launch spot trading services from Tuesday, April 16, 2019, in Japan,” confirmed Decurrent. “As for opening accounts, DeCurret has started to accept users to open accounts from Wednesday, March 27, 2019.”

Launched in January 2018, Decurret is a byproduct of Internet Initiative Japan (IIJ), the region’s first internet service provider. IIJ appointed its senior managing executive officer, Kazuhiro Tokita, as the representative director and president of Decurret, confirming an interoperable relationship between the two firms.

Decurret Inc, a Japanese exchange with over $5 billion capital has announced it will start trading #XRP, & 3 other digital assets on Tuesday, 16th April 2019!

Thanks @xrpthestandard7 for sharing!#XRPCommunityhttps://t.co/EsTHnJNg9t pic.twitter.com/H6ruqJxpsC

— ?PandaRippleXRP? (@RipplePandaXRP) April 12, 2019

Such a reputed backing helped Decurret to attract investments from some of the leading financial and technology corporations. They included Mitsubishi UFJ Bank Ltd, East Japan Railway Company, Sumitomo Mitsui Banking Corporation, Mitsui Fudosan Co., Ltd, Yamato Holdings Co., amongst others. Decurret confirmed that its total valuation as of March 27, 2019, was ¥5.23 Billion, which roughly equals $46.68 Million.

Security Threats

Decurret’s approval followed a long history of cryptocurrency-related thefts in Japan. The legacy which started with Mt. Gox losing $450 million to an internal hack continued with theft reports in other regional exchanges. The Asahi Shimbun reported that Japan had witnessed $540 million worth of cryptocurrency hacks by June 2018.

“More than 60 percent of all cases, or 102 incidents, involved individuals who used the same ID and password for their e-mail account and other Internet services, such as online shopping, for cryptocurrency dealings,” the report revealed.

Such incidents led the FSA to issue a warning to Japanese bitcoin exchanges about their lax security protocols. The regulator further warned to revoke operational licenses if an exchange fails the security test. The Japanese police noted a drop in crypto-related hacking cases following FSA’s warning.

Japan to punish hacked cryptocurrency exchange Coincheck on Monday https://t.co/e1HxOfeqFD pic.twitter.com/k7dMxmJzii

— Reuters (@Reuters) January 29, 2018

Crypto Growth

Decurret claimed that it had spent considerable time in matching FSA’s standards, which is why the regulator granted them an operational license. The firm stated that it was setting up business plans and strengthening its base as a financial institution. It repeated a similar tone regarding its safety measures, which included administrative management system and user protections.

“DeCurret has been establishing a reliable service structure that allows digital currency [that] exists on the Internet, to be exchanged, sent/received, and stored,” Decurret claimed.

The FSA reviewed a total of 23 companies that were intending to launch a cryptocurrency exchange and granted license to only two. Rakuten, another Tokyo-based firm, received a legal node alongside Decurret to offer crypto-enabled spot trading services. The strict regulatory standards promised to make cryptocurrency investments attractive for the Japanese investors’ class, including the significant monies.

The bitcoin price recently established its 2019’s high towards $5,400. It was trading at $5,079 at the time of this writing.

Tags: bitcoin
Tweet123Share561ShareSend
Davit Babayan

Davit Babayan

Davit Babayan is an Armenia-based expat balancing the academic life of a software design engineer with the experiences of a financial technology journalist. He aspires to be a full-time columnist and wants to write a book that would be called, "A Homeless Who Found Bitcoin."

Related Posts

Nya casinon utan svensk licens 2024

Nya casinon utan svensk licens 2024

60 mins ago
Shiba Inu

Shiba Inu At $0.0000072: Sellers Push For Breakout From Compact Zone

1 hour ago
Bitcoin (BTC) and Ethereum price (ETH)

Ethereum’s Price Vs. Bitcoin: Can Upcoming ETH Futures-Based ETFs Turn The Tables?

6 hours ago
Tellor TRB

Tellor (TRB) Is Up 640% In 2023, Back To 2021 Highs Ahead of Bitcoin, XRP?

11 hours ago
Chainlink

LINKing The Dots: Why Chainlink Could Be The Altcoin To Watch, Top Trader Says

12 hours ago
LINK Price LINKUSDT Chainlink

LINK Price Broke Critical Level, Macro Downtrend Behind? Analyst Forecasts

16 hours ago

Premium Partners

Play Finance

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Trust Dice

Trust Dice

Review · Visit
mBit

mBit

Review · Visit

Press Releases

  • Can Ethereum (ETH) and Bitcoin (LTC) bounce from current...

    14 hours ago
  • Solana Defies Price Fears, Bitcoin Spark Leads ICO...

    20 hours ago
  • Mercante Technologies to Launch AI-Powered Customer Support...

    21 hours ago
  • Expert Reviews Of IBKR vs eToro And The Promising Broker...

    1 day ago
  • Meta Force by Lado Okhotnikov Launches SWAP: Secure and...

    2 days ago

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2023 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
    • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play Games
  • Win 8.88 BTC
  • Play Casino Games
  • Play Finance

© 2023 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.