Japanese Exchange DMM Suffers $305M Bitcoin Loss in Private Key Hack

After its systems were hacked on May 30, the centralized crypto exchange DMM lost over $305 million in Bitcoin.

After its systems were hacked on May 30, the centralized crypto exchange DMM lost over $305 million in Bitcoin.

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Key Takeaways Japanese financial regulators have recently issued new guidelines concerning peer-to-peer (P2P) crypto transactions, putting a spotlight on the need for local banks to step up their vigilance. The Financial Services Agency (FSA) clarified that these guidelines are specifically…

By permitting LP entities to purchase and hold crypto assets, Japan hopes to promote strategic domestic investments into Web3 startups.

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Japan's main financial regulator, the FSA, has recommended a number of steps to shield customers against "unlawful transfers" to crypto exchanges.

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To debate a central bank digital currency (CBDC), the Bank of Japan (BoJ) and the nation's government convened for the first time.

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Key Takeaways In a significant move, the Japanese government has greenlit a tax regime overhaul for 2024 that promises a game-changing impact on how corporations deal with unrealized gains from their cryptocurrency holdings. The approval, granted during a cabinet meeting…