Time To Look At Japan
Bitcoin drops again. This time it's down 7% against the dollar, while the rivals Ethereum and Ripple are down at 5.5% and 12%. Bitcoin is currently trading at $ 10,570.
The reason seems to be clear: Coincheck, one of Japan's largest bitcoin exchanges, has suddenly stopped allowing customers to withdraw their money and stop Bitcoin trading. There is also frozen trade in NEM cryptocurrency, which is consequently down 16.5%.
Time To Look At Japan
The Tokyo-based exchange announced its moves in a blog post without explaining its reasons.
According to Bloomberg, Coincheck does not have a license from the Japanese financial regulator, but is nonetheless one of the country’s most popular cryptocurrency exchanges.
Meanwhile, if that wasn’t enough to make cryptocurrency investors nervous, the U.S. Treasury’s undersecretary for terrorism and financial intelligence has reportedly been telling banks and financial regulators across Asia that they need to do more to introduce oversight of cryptocurrency activities.
According to The Washington Post, Sigal Mandelker said “we need to have this kind of regulation all over the world.”
Read more: fortune.com
I'd really like to know where this so much fight and beef in Asia against Bitcoin?
Yea, they just have to learn to accept it :-)
Yeah, why?
I think not all countries in Asia are against Bitcoin. But the some of the progressive countries in Asia are like South Korea and Japan.
Yes, read about it too. Confirmation is still pending. Could be some bigger deal, every transaction is restricted now. Not only XEM.
The XEM transaction might have been 5% of the total supply!!
However, I thought they got a license from the Japanese FDA..
Bitcoin failing to rise this January, I'm still hoping for the best @tradewonk
Same here.
i feel sorry for those who had their coins on coincheck. i feel like all the exchanges are looking to steal our money using different skills. Fucking THIEVES
Same move has been done by the other exchange Bittrex* , the exchange website of USA...
it has disabled accounts of thousands of people from all over the world for no reason and says not a single word about the reason...
while their supports are not answering any ticket...
contact me if needed any more info
Chamo, que bueno este tipo de publicaciones, me gusta mucho leer sobre estos temas. Pasa por mi blog y apoyame porfa! https://steemit.com/love/@caropaez/palabras-de-enamorado vota por la mia tambien porfavor! Y gracias
https://steemit.com/amor/@caropaez/15-dias-de-prueba
Just when the futures contracts for Bitcoin was ending to stop the price manipulation, a stupid Japan exchange had to go freeze cause regulations. The FUDs and the bears are not done yet as I see.
Interesting what happens
Bitcoin is getting more attacks because it is the market leader. In consequence the value is falling. It makes sense to go to alternative currencies. The Japanese stock exchange is really perfect for that. @tradewonk
Wow.. Scary isnt it... But bitcoin will survive... Japan for sure will realize that it needs bitcoin afterall since this what we use worldwide