Taotao, a Japanese crypto exchange, launches trading operations on May 30th


Japanese police report tenfold increase in crypto money laundering cases

Cointelegraph Japan just announced that Japanese cryptocurrency exchange, Taotao, has confirmed that it will launch its trading services on May 30th, 2019.

Yahoo! Japan owns 40% of the exchange. Trading on Taotao will first include ether and bitcoin only. In addition, investors will be able to trade on margin the following: Bitcoin cash, Litecoin and Ripple.

In April 2018, Yahoo Japan bought the 40% stake in the exchange, which was previously known as BitARG. The launch is long expected, as Taotao initially announced that the launch will be in mid-May. The reason for the delay was not communicated.

Japan just recently introduced stricter regulations for cryptocurrency margin trading. As Leaprate reported in March 2019:

….there will be a cap on the leverage in all cryptocurrency margin trading transactions, set at 2 to 4 times the initial deposits.

All cryptocurrency exchanges will be required to adopt the new regulation for the crypto margin trading. This will, however, apply only for exchanges that handle such margin trading transactions.

All exchanges that are active in Japan will be monitored very closely. In addition, the Financial Services Authority in the country announced that it will review in detail the Anti-Money Laundering activities before the inspection of the Financial Action Task Force ensues.

 

Related News

arrow

Taotao, a Japanese crypto exchange, launches trading operations on May 30th

0

Send this to a friend