ETHERLive delivers real-time price and volume data across 16+ exchanges to users in a clear and easy-to-understand package. Users can get up-to-the-second updates for each exchange/currency pair, as well as aggregated market averages for each exchange, currency, and the market as a whole. It also provides a global converted average of all the currency pairs monitored by ETHNews, converted to USD.


24hr ---

The Basics

Learn the basics of Ethereum and various cryptocurrency technologies

Learn More

What is Ethereum?

Understand the underlying principles of the Ethereum Platform

Learn More

The Blockchain

Discover the revolutionizing technology known as the blockchain

Learn More

Press Release

Submit a press release for consideration on ETHNews

Submit Press

Story / Dapp

Submit a story or DAPP to be considered for publication on ETHNews.

Submit Story


Submit "Ethereum Explainer" content for consideration to be featured on ETHNews

Submit Topic
ETHNews Logo
Ether Price Analysis
Contact Us

Two Japanese Exchange Execs Resign From JVCEA After FSA Actions




Two vice presidents of the Japan Virtual Currency Exchange Association have left the organization after receiving business improvement orders from the Financial Services Agency.

On June 25, it was announced that CEO of bitFlyer Yuzo Kano and the CEO of Bitbank (listed as Noriyuki Hiroyuki in the release but Noriyuki Hirosue elsewhere), are resigning from their positions as chairs of the Japan Virtual Currency Exchange Association (JVCEA). Both cryptocurrency exchanges received business improvement orders from the Financial Services Agency (FSA) last week. Their resignation precedes the JVCEA's June 27 vote on a set of self-imposed rules designed "to improve the security and transparency of virtual currency exchanges."

As of publication, both exchanges were still listed as members of the JVCEA on the association's website.

Despite these exits, the association stated it "will continue to do [its] utmost to protect the interests of users and to promote the sound development of the virtual currency exchange industry, including the early establishment of voluntary regulation rules." The association has not stated who might be replacing the two executives.

Japan has seen an increase in cryptocurrency exchange regulations after the January 26 Coincheck hack, and the FSA has conducted surprise inspections of exchanges since at least February. The FSA requires exchanges to follow strict guidelines, including know your customer (KYC) and anti-money laundering (AML) regulations.

On April 6, the FSA ordered the exchanges Eternal Link and FSHO to cease operations. After further evaluation, the FSA denied registration to FSHO earlier this month – it was the agency's first denial of registration to a cryptocurrency exchange.

Translations by Google.

Dani Putney

Dani is a full-time writer for ETHNews. They received their bachelor's degree in English writing from the University of Nevada, Reno, where they also studied journalism and queer theory. In their free time, they write poetry, play the piano, and fangirl over fictional characters. They live with their partner, three dogs, and two cats in the middle of nowhere, Nevada.

ETHNews is committed to its Editorial Policy

Like what you read? Follow us on Twitter @ETHNews_ to receive the latest JVCEA, FSA or other Ethereum wallets and exchanges news.