Japanese Regulators to Introduce New Rules Regarding Exchanges’ Cold Wallets

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Thu Apr 18, 2019 6:00 am

Japan’s Financial Services Agency (FSA) will reportedly introduce new rules regarding cold wallets for storing cryptocurrencies at crypto exchanges, Reuters reported on April 17.

Citing a source familiar with the matter, Reuters reports that the country’s financial regulator will reportedly require cryptocurrency exchanges to strengthen internal supervision of cold wallets — devices for storing digital currency which are not connected to the Internet.

By implementing the new regulation, the FSA purportedly addresses the difficulties of ensuring the security of digital currencies and other risks for the country since it intends to boost the fintech industry to stimulate economic growth.

Although cold wallets are not connected to the Internet and, therefore, provide better security to digital assets, the FSA suggests there could be risks of internal theft. According to the source, a number of exchanges do not have a policy where the person responsible for the storage would be regularly rotated out.

Earlier this month, the FSA heard arguments for no longer classifying bitcoin (BTC) as a currency. During a plenary session at the 41st General Assembly of the Financial Council and the 29th Financial Division Meeting, Professor Iwashita Goto of Kyoto University argued that bitcoin had become something beyond a means of transacting due to its borderless qualities, which have led it to appear throughout the world in its ten-year history.

In March, the FSA approved the second cryptocurrency exchange to begin operations under new regulations. The FSA began issuing licenses to new cryptocurrency exchanges looking to serve the Japanese market. The licensing scheme, which has a long waiting list, was in part a reaction to the events of the past two years, notably local exchange Coincheck’s half-billion-dollar hack in January 2018.
wonai
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Sun Jun 30, 2019 11:18 pm

This can be used by a board of directors, for example, to prevent members from making expenditures without enough consent from other members, as well as to track which members permitted particular transactions.
News wrote:
Thu Apr 18, 2019 6:00 am
Japan’s Financial Services Agency (FSA) will reportedly introduce new rules regarding cold wallets for storing cryptocurrencies at crypto exchanges, Reuters reported on April 17.

Citing a source familiar with the matter, Reuters reports that the country’s financial regulator will reportedly require cryptocurrency exchanges to strengthen internal supervision of cold wallets — devices for storing digital currency which are not connected to the Internet.

By implementing the new regulation, the FSA purportedly addresses the difficulties of ensuring the security of digital currencies and other risks for the country since it intends to boost the fintech industry to stimulate economic growth.

Although cold wallets are not connected to the Internet and, therefore, provide better security to digital assets, the FSA suggests there could be risks of internal theft. According to the source, a number of exchanges do not have a policy where the person responsible for the storage would be regularly rotated out.

Earlier this month, the FSA heard arguments for no longer classifying bitcoin (BTC) as a currency. During a plenary session at the 41st General Assembly of the Financial Council and the 29th Financial Division Meeting, Professor Iwashita Goto of Kyoto University argued that bitcoin had become something beyond a means of transacting due to its borderless qualities, which have led it to appear throughout the world in its ten-year history.

In March, the FSA approved the second cryptocurrency exchange to begin operations under new regulations. The FSA began issuing licenses to new cryptocurrency exchanges looking to serve the Japanese market. The licensing scheme, which has a long waiting list, was in part a reaction to the events of the past two years, notably local exchange Coincheck’s half-billion-dollar hack in January 2018.
wonai
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Sun Jun 30, 2019 11:53 pm

Many organizations are required to produce accounting documents about their activity.
News wrote:
Thu Apr 18, 2019 6:00 am
Japan’s Financial Services Agency (FSA) will reportedly introduce new rules regarding cold wallets for storing cryptocurrencies at crypto exchanges, Reuters reported on April 17.

Citing a source familiar with the matter, Reuters reports that the country’s financial regulator will reportedly require cryptocurrency exchanges to strengthen internal supervision of cold wallets — devices for storing digital currency which are not connected to the Internet.

By implementing the new regulation, the FSA purportedly addresses the difficulties of ensuring the security of digital currencies and other risks for the country since it intends to boost the fintech industry to stimulate economic growth.

Although cold wallets are not connected to the Internet and, therefore, provide better security to digital assets, the FSA suggests there could be risks of internal theft. According to the source, a number of exchanges do not have a policy where the person responsible for the storage would be regularly rotated out.

Earlier this month, the FSA heard arguments for no longer classifying bitcoin (BTC) as a currency. During a plenary session at the 41st General Assembly of the Financial Council and the 29th Financial Division Meeting, Professor Iwashita Goto of Kyoto University argued that bitcoin had become something beyond a means of transacting due to its borderless qualities, which have led it to appear throughout the world in its ten-year history.

In March, the FSA approved the second cryptocurrency exchange to begin operations under new regulations. The FSA began issuing licenses to new cryptocurrency exchanges looking to serve the Japanese market. The licensing scheme, which has a long waiting list, was in part a reaction to the events of the past two years, notably local exchange Coincheck’s half-billion-dollar hack in January 2018.
wonshey
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Mon Jul 01, 2019 10:47 am

There are a growing number of services and merchants accepting Bitcoin all over the world. Use Bitcoin to pay them and rate your experience to help them gain more visibility.
News wrote:
Thu Apr 18, 2019 6:00 am
Japan’s Financial Services Agency (FSA) will reportedly introduce new rules regarding cold wallets for storing cryptocurrencies at crypto exchanges, Reuters reported on April 17.

Citing a source familiar with the matter, Reuters reports that the country’s financial regulator will reportedly require cryptocurrency exchanges to strengthen internal supervision of cold wallets — devices for storing digital currency which are not connected to the Internet.

By implementing the new regulation, the FSA purportedly addresses the difficulties of ensuring the security of digital currencies and other risks for the country since it intends to boost the fintech industry to stimulate economic growth.

Although cold wallets are not connected to the Internet and, therefore, provide better security to digital assets, the FSA suggests there could be risks of internal theft. According to the source, a number of exchanges do not have a policy where the person responsible for the storage would be regularly rotated out.

Earlier this month, the FSA heard arguments for no longer classifying bitcoin (BTC) as a currency. During a plenary session at the 41st General Assembly of the Financial Council and the 29th Financial Division Meeting, Professor Iwashita Goto of Kyoto University argued that bitcoin had become something beyond a means of transacting due to its borderless qualities, which have led it to appear throughout the world in its ten-year history.

In March, the FSA approved the second cryptocurrency exchange to begin operations under new regulations. The FSA began issuing licenses to new cryptocurrency exchanges looking to serve the Japanese market. The licensing scheme, which has a long waiting list, was in part a reaction to the events of the past two years, notably local exchange Coincheck’s half-billion-dollar hack in January 2018.
gurumaster
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Wed Jul 10, 2019 3:33 am

If you want to use the Bitcoin Core daemon (bitcoind), which is useful for programmers and advanced users, proceed to the Bitcoin Core Daemon section below.
gurumaster
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Joined: Wed May 22, 2019 12:37 pm

Wed Jul 10, 2019 3:44 am

If you want to use both the GUI and the daemon, read both the GUI instructions and the daemon instructions. Note that you can’t run both the GUI and the daemon at the same time using the same configuration directory.
labie
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Wed Jul 10, 2019 4:39 am

The next time you login to your desktop, Bitcoin Core GUI will be automatically started minimized in the task bar.

Warning: to prevent data corruption, do not force shutdown of your computer from the Windows shutdown screen when you have Bitcoin Core running.
wonshey
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Wed Jul 10, 2019 5:19 am

Sometimes upgrade of the blockchain data files from very old versions to the new versions is not supported.
wonshey
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Joined: Thu May 23, 2019 5:46 am

Wed Jul 10, 2019 5:27 am

Sometimes downgrade is not possible because of changes to the data files. Again, check the release notes for the new version if you are planning to downgrade.
alayemi
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Wed Jul 10, 2019 8:27 am

Start by logging into your router’s administration interface. Most routers can be configured using one of the following URLs, so keep clicking links until you find one that works. If none work, consult your router’s manual.
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