{"id":18412,"date":"2023-01-26T22:48:54","date_gmt":"2023-01-27T06:48:54","guid":{"rendered":"https:\/\/coinnetworknews.com\/japans-crypto-revival-as-other-nations-hesitate-japan-embraces-web3\/"},"modified":"2023-01-26T22:48:54","modified_gmt":"2023-01-27T06:48:54","slug":"japans-crypto-revival-as-other-nations-hesitate-japan-embraces-web3","status":"publish","type":"post","link":"https:\/\/coinnetworknews.com\/japans-crypto-revival-as-other-nations-hesitate-japan-embraces-web3\/","title":{"rendered":"Japan&#8217;s Crypto Revival: As Other Nations Hesitate, Japan Embraces Web3"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/www.coindesk.com\/resizer\/BRA4heR6G_86BlkmpBlSrDXZByc=\/800x600\/cloudfront-us-east-1.images.arcpublishing.com\/coindesk\/DUTQP5DTAZB6JDODAU6GBHXMHY.jpg\" \/><\/p>\n<div>\n<p>\u201cWe have to hold 100% of client assets (same kind and same amount) in cold wallets every day,\u201d said Takaaki Kato, head of sales and trading at Bitflyer, one of Japan\u2019s largest crypto exchanges. \u201cIf this is not met, we have to move crypto assets to cold wallets within five days by regulations, but we basically do this within 24 hours. Client fiat assets are in a trust bank, etc., with periodic reporting to regulators as well as publicly disclosed quarterly \u2013 so could be easily checked.\u201d<\/p>\n<\/div>\n<p><a href=\"https:\/\/www.coindesk.com\/consensus-magazine\/2023\/01\/26\/japan-embracing-crypto-industry-web3-dao-nft\/?utm_medium=referral&#038;utm_source=rss&#038;utm_campaign=headlines\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201cWe have to hold 100% of client assets (same kind and same amount) in cold wallets every day,\u201d said Takaaki Kato, head of sales and trading at Bitflyer, one of Japan\u2019s largest crypto exchanges. \u201cIf this is not met, we have to move crypto assets to cold wallets within five days by regulations, but we [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":18413,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[57,3,5,55,58,7,4,2,8,56,59,6,54],"tags":[13,330,328,329,325,327,326,252],"_links":{"self":[{"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/posts\/18412"}],"collection":[{"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/comments?post=18412"}],"version-history":[{"count":0,"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/posts\/18412\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/media\/18413"}],"wp:attachment":[{"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/media?parent=18412"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/categories?post=18412"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/tags?post=18412"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}