On Monday, 20th August 2018, a group of four crypto exchanges namely Gemini, Bittrex, BitFlyer and Bitstamp teamed together to form a new working group named Virtual Commodity Association (VCA).
Plans are ongoing to make bitFlyer the largest cryptocurrency exchange by Yuzo Kano through recruitment of employees from Barclays, Credit Suisse and Goldman.
A partnership was made by BitFlyer and the SBC Medical Group which allows the customers settle their bills using Bitcoin. The maximum transaction, however, should be $18,700.
Japanese crypto exchange are planning to start self regulation after forming their own association
BitFlyer has vowed to strengthen its know-your-customer process for credibility
A Japanese car dealership that sells used imported luxury cars with showrooms in Tokyo is now accepting bitcoin as a means of payment.
Coincheck granted a new order to various organizations to halt their services. This is to initiate a new regulation and licensing system to protect the investors.
South Korea plans to have in place the Bitlicense system to use in all exchange platforms
BitFlyer Cryptocurrency Exchange, the Tokyo-based Exchange has begun operations offer trading of bitcoin/euro pairs within Europe after gaining Luxembourg license.
A new report from the Deutsche Bank AG has thrown more light on the cause of bitcoin price surge, declaring that it ‘Mrs. Watanabe’ that drives bitcoin price higher.