Rumor vs record: 128 Japanese banks went dark on November 6. Notices blame broken equipment
A viral reel says 128 banks in Japan were taken down all at once. The outage was real. The official notices we could read point to a failed piece of communications equipment, and none of them mention an attack.
Asia's local exchanges handled just 1.3% of flows as Binance took in a net $5.04 billion
South Korea led the local markets with $12.5 million net in. Upbit, HashKey, Bitkub and other home-market exchanges together handled about $538 million of deposits and withdrawals from October 26 to November 1, DeepSea's data shows.
Japan crypto rules explained: FSA registration, 95% cold storage and 2x leverage
Crypto exchanges in Japan must register with the Financial Services Agency under the Payment Services Act, keep at least 95% of customer coins offline, and cap retail leverage at 2x. A 2026 government bill would revise the rules again, borrowing from securities law.
Japan's FSA wants an on-chain finance roadmap by early 2027. Who is at the table?
Japan's Financial Services Agency has opened two new tracks in three weeks: a cross-ministry forum on on-chain finance in the AI era, and a study group on digital and decentralized finance that heard from Nomura and Securitize first.