Cryptocurrency News From Japan: May 31

Published on by Cointele | Published on

Tokyo-based crypto exchange Coincheck faced a hack between May 30 and June 1, leading to hundreds of users' leaked data.

Japan saw plans for a new local digital currency recently, unveiled from Soramitsu, a Japanese blockchain tech company.

BitBank sees similar hack as Coincheck, but no data leak.

BitBank faced a hack similar to Coincheck, although no customer data was reportedly leaked.

BitBank looked into the scene, fixing the information on May 29.Japan STO Association Gains Sumitomo Mitsui Trust Bank.

Japan's STO Association saw Sumitomo Mitsui Trust Bank enter as the group's inaugural full-time trust bank member.

Coming to life with regulatory approval in April 2020, the Japan STO Association is a security token offering, or STO, self-regulating body.

Japan posts second highest daily global Bitcoin trading volume.

Japan recently posted the second highest average 24-hour Bitcoin trading volume in terms of global rankings for May, according to Coinmetrics data.

Japan saw roughly $380 million worth of yen, on average, traded in Bitcoin every 24 hours throughout May..