Crypto News From Japan: Oct. 21-27

Here is the past week of cryptocurrency and blockchain news in review, as originally reported by Cointelegraph Japan.

Crypto exchange Huobi Japan secures $4.6 million investment by FPG AIMHuobi Japan announced on Oct. 25 that it has raised close to $4.6 million through a third-party capital raise led by FPG AIM, a Japan-based financial services company.

FPG aims to expand its business in the financial services field in cooperation with Huobi.

FPG further explained that the investment was "Focusing on the future potential of the company that operates a virtual currency exchange that can provide new financial assets and payment methods."

Bitcoin.com acquires Japanese blockchain startupCointelegraph Japan reported on Oct. 21 that Roger Ver's Bitcoin.com has acquired the Japanese blockchain startup O3 Labs.

Bitcoin.com will develop mobile financial services for Bitcoin Cash through the acquisition of the startup, which develops wallets for NEO and Ontology.

Bitcoin.com wants its users to be able to manage, operate and spend without the need for traditional banks and financial institutions.

Experts express concern over crypto donations to politiciansThe Japanese government recently determined that cryptocurrency donations to individual politicians are legal.

Under the country's Political Funds Control Law, contributions to politicians by individuals and companies are basically prohibited.

The Financial Action Task Force takes a closer look at JapanThe Financial Action Task Force will take a closer look at Japanese cryptocurrency exchanges and related financial companies.