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May 7, 2018
Japan’s Financial Services Agency Releases Guidelines on Cryptocurrency Exchanges Japan’s Financial Services Agency (FSA) has written five guidelines cryptocurrency exchanges must follow to operate in the country. According to the Bitcoinist, the FSA created these guidelines to prevent another high profile hack of a large exchange. Generally, the guidelines are: An adherence to robust security standards,...
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Saudi Arabia‘s Ministry of Communications and Information Technology (MCIT) has teamed up with ConsenSys, a cryptocurrency development studio, to host a “blockchain bootcamp” as part of the kingdom’s efforts to support technological development. The bootcamp is part of the ministry’s efforts to develop national cadres in future technologies, according to the ministry. The recent three-day...
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Japanese regulators have announced stricter regulations for cryptocurrency exchanges in an effort to prevent another heist like the one that befell Coincheck in January, according to Nikkei Asian Review. The country’s Financial Services Agency expects to begin using a new, stricter framework for registered cryptocurrency exchanges this summer, and will advise those that fail to meet its...
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