Advertise
CoinTrust
BTC
ETH
BCH
SOL
DOGE
SHIB
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
No Result
View All Result

Home » Japan’s SBI Makes 2nd Investment In LastRoots Crypto Exchange

Japan’s SBI Makes 2nd Investment In LastRoots Crypto Exchange

Kelly Cromley by Kelly Cromley
Aug 20, 2018
in News
Reading Time: 2 mins read
0

Japan’s financial services giant SBI Holdings revealed that it had invested in the strained cryptocurrency exchange LastRoots for the second time.

Back in December 2017, SBI, which established its own cryptocurrency exchange after receiving license from regulators, made its first investment in LastRoots. SBI, however, did not reveal the amount invested in LastRoots, which had to undergo a total revamp of its business model under regulator’s pressure.

SBI holdings has made the following comment regarding its plan for LastRoots
“We are preparing to strengthen our in-house team to register the virtual currency exchange business.”

Following the Coincheck’s $530 million hacking incident in January, the Japanese regulators made a thorough review of the security arrangements employed by cryptocurrency exchanges for safeguarding their clients’ crypto holdings. LastRoots, which fell short of regulator’s expectations, had to undergo sweeping changes to the manner in which it was conducting its business operations in order to retain the cryptocurrency exchange license.

Following the second round of investment, SBI has mentioned that it will support LastRoots to become regulatory compliant by employing its staff to nurture industry standard practices. SBI has specifically stated that its executives will “strengthen the management system… support the cryptocurrency exchange business registration [process] and business growth.”

Notably, a week before, Japan’s Financial Services Agency (FSA), which monitors the operations of cryptocurrency exchanges and licensing process, announced the outcome of its on-site inspections, which have been going on for the past few months. The FSA is now ready to accept applications from new cryptocurrency exchange operators. The regulator has stated that new exchanges will face increased scrutiny from the beginning.

Previous Post

Vitalik Buterin Issues 75 Tweets To Clear Misconceptions About Casper

Next Post

Blockchain Startup Crowdz & Barclaycard To Digitize Supply Chain

Related Posts

spheron-chainbase-partner-to-power-ai-with-decentralized-data

Spheron and Chainbase Unite to Power AI with Decentralized Data

by Kelly Cromley
Jun 15, 2025
0

Spheron Network, a decentralized compute infrastructure provider, has announced a strategic partnership with Chainbase, an emerging omnichain data platform. This...

d3serve-labs-blockchain-model-domain-transfers

D3Serve Labs Proposes Blockchain Model for Domain Transfers

by Kelly Cromley
Jun 15, 2025
0

D3Serve Labs, operating independently from D3 Global Inc., has submitted a new patent application to the United States Patent and...

figure’s-$355m-blockchain-securitization-earns-s&p-ratings

Figure’s $355M Blockchain Securitization Earns S&P Ratings

by Kelly Cromley
Jun 15, 2025
0

Figure Technology Solutions has announced the successful securitization of $355 million in mortgage assets through its latest transaction, designated FIGRE...

daiko’s-virtual-pet-blends-real-dog-care-with-gamified-tech

Daiko’s Virtual Pet Blends Real Dog Care with Gamified Tech

by Kelly Cromley
Jun 15, 2025
0

Daiko, an Ireland-based technology company, has revealed plans to introduce a blockchain-powered Virtual Pet game that aims to bridge the...

tass-hub-ziggy-zeigler-web3-partnership

TASS HUB and Ziggy Zeigler Team Up to Empower Web3 Creators

by Kelly Cromley
Jun 14, 2025
0

TASS HUB, a decentralized Web3 content marketplace built on the Solana blockchain, has announced an exclusive long-term collaboration with Ziggy...

peaq-partners-abu-dhabi-dubai-for-machine-defi

peaq Joins Forces with Abu Dhabi and Dubai to Pioneer “Machine DeFi”

by Kelly Cromley
Jun 14, 2025
0

Abu Dhabi and Dubai have revealed an ambitious plan to establish what is being described as the world’s first fully...

Next Post
Blockchain Startup Crowdz  & Barclaycard To Digitize Supply Chain

Blockchain Startup Crowdz & Barclaycard To Digitize Supply Chain

  • blackrock invests in colle web3

    COLLE: Pioneering AI Web3 Platform Receives Investment Boost from BlackRock

    by Kelly Cromley
    May 13, 2024
  • Router Protocol and OpenWorldSwap Partnership to Revolutionize DEX Market

    by Kelly Cromley
    Aug 6, 2024
  • Central Bank of Saudi Arabia Teams Up with Ripple to Transform Cross-Border Settlements

    by Kelly Cromley
    Aug 17, 2023
  • GameStop’s Digital Transformation: Embracing Blockchain and NFTs

    by Kelly Cromley
    Feb 2, 2025
  • Blockchain Based Sports Platform SportsMint Unveiled

    by Kelly Cromley
    Apr 30, 2024

Recent News

spheron-chainbase-partner-to-power-ai-with-decentralized-data
Market News

Spheron and Chainbase Unite to Power AI with Decentralized Data

by Kelly Cromley
Jun 15, 2025
d3serve-labs-blockchain-model-domain-transfers
Market News

D3Serve Labs Proposes Blockchain Model for Domain Transfers

by Kelly Cromley
Jun 15, 2025
figure’s-$355m-blockchain-securitization-earns-s&p-ratings
Market News

Figure’s $355M Blockchain Securitization Earns S&P Ratings

by Kelly Cromley
Jun 15, 2025
daiko’s-virtual-pet-blends-real-dog-care-with-gamified-tech
Market News

Daiko’s Virtual Pet Blends Real Dog Care with Gamified Tech

by Kelly Cromley
Jun 15, 2025
tass-hub-ziggy-zeigler-web3-partnership
Market News

TASS HUB and Ziggy Zeigler Team Up to Empower Web3 Creators

by Kelly Cromley
Jun 14, 2025

Categories

  • Altcoin News
  • Analysis News
  • Binance Coin News
  • Bitcoin News
  • Blockchain
  • Blog
  • Cardano News
  • Ethereum News
  • ICO News
  • Legislation News
  • Market Forecasts
  • Market News
  • News
  • Ripple
  • Ripple News
  • Solana News
  • Tether News
  • XRP

Cointrust

  • About Us
  • Contact Us
  • Correction Request
  • Our Team

Legal

  • Disclaimer
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy

Popular

  • ICO Listings
  • Knowledge Base
  • All about Mining
  • Cryptocurrency Exchanges
  • How and Where to buy Cryptocurrency

Sitemap

  • News section
  • Sitemap
  • XML Sitemap

© 2024 CoinTrust.com.

CoinTrustCoinTrust

* DISCLAIMER: All information provided in CoinTrust is merely for informational purposes, we are not an investment advisor and not affiliated with any companies or ICO/Cryptocurrency Projects. To use this website you must accept our cookie policy, Disclaimer and Privacy Policies.

No Result
View All Result
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos

© 2024 CoinTrust.com.

We use cookies to ensure that we give you the best experience on our website.
If you continue to use this site you agree to allow us to use cookies, in accordance with our Cookie Policy.
I Agree