Japanese authorities called for address registration, customer-specific limits and stronger authentication as part of a broader push to curb misuse of exchange accounts. Japan’s financial regulator has asked crypto exchanges to introduce withdrawal delays and other safeguards as authorities respond to increasingly sophisticated scams involving digital assets. On Thursday, the Financial Services Agency (FSA) said it had jointly requested the measures with the National Police Agency amid growing losses among crypto exchange users and cases where funds obtained through fraudulent schemes are being transferred to exchange accounts. The request calls on exchanges to restrict crypto withdrawals for a specified period after customers deposit fiat currency or purchase digital assets. Platforms were also asked to require users to pre-register crypto withdrawal addresses and impose a waiting period before newly added addresses can be used. Read more
Romanian-British startup Ogre AI, which has developed an AI-based platform for prognoses in the energy field, is expanding its operations on the Asian market: the company’s associates have approved the creation of a subsidiary in Japan, wholly owned by the Romania company.
The crypto exchange stopped accepting new registrations from Japan residents and will begin progressively restricting existing accounts on Nov. 1. Crypto exchange Bitget said it will stop providing services to residents of Japan and phase in account restrictions. The exchange announced Monday that it had stopped accepting new registrations from residents of Japan, while account restrictions will begin Nov. 1. Any positions still open on Dec. 31 will be forcibly closed. Bitget said users who believe they have been incorrectly classified as residents of Japan must complete “Level 2” identification, which includes address verification, by Nov. 1. Failure to do so will result in their accounts being classified as belonging to residents of Japan. Read more
Rescuers were frantically searching on Wednesday for survivors of a 7.1-magnitude earthquake that shook southern Japan, killing at least 13 people, knocking out power to thousands of homes and rupturing roads across the region. Eight people were pulled from the rubble of a partially collapsed shopping mall near the city of Kumamoto that was torn apart by an apparent explosion about an hour after Tuesday’s earthquake. Of them, three have died. Mall operator Aeon said four workers at the Kumamoto shopping centre remained unaccounted for after checks of the roughly 2,700 staff. Customers had been evacuated right after the initial quake. Rescuers work at the damaged Aeon Mall shopping centre, where an explosion occurred after an earthquake with a magnitude of 7.1 struck Japan’s southern Kumamoto prefecture, in Kashima Town, Kumamoto Prefecture, Japan, July 29, 2026. —Reuters “Even now, there are people waiting to be rescued, and this is a race against time. We will marshal all available resources on the ground to...
Analysis warned of a repeat of the 2024 yen carry-trade unwind that pressured crypto markets ahead of the next Bank of Japan interest-rate meeting. Japan’s central bank is in focus this week as its next interest-rate meeting comes amid new 40-year yen lows against the US dollar. Key points: Data from TradingView showed USD/JPY approaching 164 on Tuesday, just a fraction below new 40-year highs seen last week. Read more
A 7.1-magnitude earthquake hit Japan’s southern Kumamoto prefecture on Tuesday, knocking out power to thousands of homes, rupturing roads and leaving some trapped and others presumed dead inside a partially collapsed shopping mall. Speaking to reporters at her office in Tokyo, Japanese Prime Minister Sanae Takaichi said authorities were still assessing the full extent of the damage in the area, which was devastated by a deadly quake a decade ago. “We have already been informed that people have been injured. Power outages and fires have occurred in some areas, and there has also been damage to roads and bridges and the collapse of buildings,” Takaichi said. “I ask everyone to take action to protect themselves, including evacuating to a safe location.” Japanese Prime Minister Sanae Takaichi speaks to the media at the Prime Minister’s Office, in Tokyo after a 7.1-magnitude earthquake hit southern Japan on July 28, 2026. — AFP Around 300,000 people have been instructed to go to evacuation centres, the disaster ma...
Japan’s revised Financial Instruments and Exchange Act introduces crypto insider trading rules, tougher penalties and new oversight requirements for crypto businesses. Japan is set to reshape its cryptocurrency market with stricter trading rules, stronger user protections and a framework closer to traditional finance. The country’s parliament on Wednesday passed revisions that classify crypto assets as financial assets under Japan’s Financial Instruments and Exchange Act (FIEA), according to a report by local news agency Nikkei. The changes move Japan’s crypto regulation away from the Payment Services Act (PSA), which treated digital assets primarily as payment instruments, and introduce insider trading rules and stronger oversight for crypto businesses. Read more