Japan's Bitbank warns crypto users that transactions with prediction markets like Polymarket may lead to account suspension due to potential conflicts with gambling laws. The exchange cited concerns over betting on future events for financial gain.
Bitbank, a major Japanese crypto exchange, has warned users that transactions with prediction market platforms like Polymarket could lead to account suspension due to potential violations of Japan's gambling laws. The exchange stated it may restrict accounts involved in such services, citing legal and regulatory risks for Japanese residents.
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SBI Holdings has opened talks to acquire shares in cryptocurrency exchange Bitbank, potentially making it a consolidated subsidiary. The deal would expand SBI's dominance in Japan's crypto market as the country prepares to bring digital assets under the Financial Instruments and Exchange Act. The acquisition follows SBI VC Trade's absorption of Bitpoint Japan on April 1 and a $50 million investment in Circle's IPO last June.
Comprehensive up-to-date news coverage, aggregated from sources all over the world by Google News.
Comprehensive up-to-date news coverage, aggregated from sources all over the world by Google News.
Comprehensive up-to-date news coverage, aggregated from sources all over the world by Google News.
