BitMEX closed access to Japanese citizens
The closure is due to the tightening of activities cryptocurrencies in Japan.
Earlier BitMEX has already closed access to Hong Kong, Seychelles and Bermuda.
The exchange announced the maintenance of cooperation with the Japanese regulator, but what kind of cooperation is in question remains unknown.
International consortium news organizations, developing transparency standards.
Japan’s regulatory regime does not allow cryptocurrency exchange provide its services.
Starting May 1st 06:00 UTC 2020 of the year stock exchange restrict access for of all users, residents of Japan. it means that Japanese citizens more not will be be able to place orders, open new positions or increase current.
The restrictions for residents of Japan are the exchange’s response to amendments to the Japanese Financial Instruments and Exchanges Law and the Japanese Payment Services Act. The innovations will take effect from May 1, 2020 of the year.
The exchange said it will continue to work with Japanese regulators to support their goals in Japanese market.
What kind of cooperation we are talking about, the exchange did not clarify.
Chairman of the Japanese Innovation Party Shun Otokita stated, what until Japan has quite high taxes, and the ideology itself blockchain and digital of money is to reduce tax costs, then it is extremely unlikely that crypto assets or distributed ledger technology will be approved at the state level.
However, at the same time, three Japanese departments have already teamed up to find out the possibilities of developing digital currencies Central Bank (CBDC) Bills and coins may stay in the past due to new financial instrument – digital currency central banks (CBDC). As of… More).
In February, the Ministry of Finance, the Financial Services Agency and the Bank of Japan announced their intention to conduct independent research on the potential integration of digital currency, and also study the possible risks and effects for the economic sector of the state.
This is far from the first time BitMEX has been forced to restrict access in his services. Previously, the exchange denied access for citizens of Hong Kong, Seychelles and Bermuda.
All information, contained on our website, published on principles good faith and objectivity, and exclusively with familiarization aim. Reader by yourself bears full responsibility per any actions, committed by him on the basis of information, received on our website.