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Japan
Japan's SBI Group Scraps Huobi Crypto Exchange Partnership
SBI Virtual Currency, a subsidiary of SBI Holdings, will no longer partner with Huobi Group on setting up two Japan-based cryptocurrency exchanges.

Coincheck Crypto Exchange to Compensate Hack Victims
Japanese cryptocurrency exchange Coincheck has said it plans to compensate victims of its January hack starting next week.

Japan's Finance Watchdog Suspends Two Crypto Exchanges
Japan's Financial Services Agency is halting the operation of two domestic crypto exchanges while requiring six exchanges to report improvement plans.

Report: Japanese Regulator Could Suspend Some Crypto Exchanges
Nikkei reports that Japan's Financial Services Agency will hit some cryptocurrency exchanges with penalties and suspend others for poor practices.

Japanese Banks to Harness Ripple DLT for Consumer Payments App
A group of Japanese banks is planning to use Ripple's blockchain-based payments technology in a smartphone app aimed at general consumers.

Japan's Crypto Exchanges Self-Regulate In Wake of $500 Million Hack
Sixteen cryptocurrency exchanges in Japan have formed a new self-regulatory organization, an effort that comes in the wake of a $500 million hack.

South Korean Bank Trials Ripple for Overseas Remittances
South Korea's Wooribank has reportedly completed an overseas remittance test using Ripple's DLT solution.

Banking Group SBI Delays Crypto Exchange Launch
The launch of Japan's first bank-backed cryptocurrency exchange has again been postponed as it seeks to strengthen security measures.

Class Actions Mount as Coincheck Lingers Over Crypto Heist Refunds
Japanese exchange Coincheck is facing another class action lawsuit demanding cryptocurrency refunds and compensation for hack losses.

Japan's Finance Watchdog Eyeing ICO Regulation, Says Report
Japan's financial regulator is reportedly mulling the creation of a regulatory framework for firms raising funds through initial coin offerings.
