Apple Defies China's Smartphone Slump with Strong Early 2026 Sales 
SMIC Allegedly Supplies Chipmaking Tools to Iran's Military, U.S. Officials Warn 
SK Hynix Eyes Up to $14 Billion U.S. IPO to Fund AI Chip Expansion 
Nintendo Switch 2 Production Cut as Holiday Sales Miss Targets 
Judge Dismisses Sam Altman Sexual Abuse Lawsuit, But Sister Can Refile 
Palantir's Maven AI Earns Pentagon "Program of Record" Status, Reshaping Military AI Strategy 
Meta and Google just lost a landmark social media addiction case. A tech law expert explains the fallout 
Amazon's "Transformer" Phone: Can It Succeed Where Fire Phone Failed? 
Elon Musk Announces Terafab: SpaceX and Tesla to Build Dual AI Chip Factories in Austin, Texas 
Micron Technology Beats Q2 Earnings Estimates, Issues Strong AI-Driven Outlook 
SpaceX IPO Filing Expected This Week as Valuation Could Surpass $75 Billion 
Chinese Universities with PLA Ties Found Purchasing Restricted U.S. AI Chips Through Super Micro Servers 
Jeff Bezos Eyes $100 Billion Fund to Transform Manufacturing With AI 
Makemation: a Nollywood movie that shows AI in action in Africa 
OpenAI's Desktop Superapp: Unifying ChatGPT, Codex, and Browser Tools for Enterprise AI 
Meta Ties Executive Pay to Aggressive Stock Price Targets in Major Retention Push 
Last April, Japan formed the Japan Virtual Currency Exchange Association (JVCEA) to act as a regulator of cryptocurrency exchanges. Now, two of its members, who both hold the position of vice president, are stepping down after their respective exchanges were given regulator warnings.
Bitbank CEO Noriyuki Hiroyuki and bitFlyer CEO Yuzo Kano announced their exit on June 25, Cointelegraph reported. Kano and Hiroyuki’s companies were two of the six crypto exchanges that were mandated by Japan’s Financial Service Agency (FSA) to adhere to the strict guidelines relating to anti-money laundering (AML) and know-your-customer (KYC) regulations.
Despite the exits, the regulatory body remains stoic, vowing to continue the duty that it was given. “We will continue to do our utmost to protect the interests of users and to promote the sound development of the virtual currency exchange industry, including the early establishment of voluntary regulation rules,” the agency said.
The JVCEA is slated to release a regulatory measure tomorrow that will penalize crypto exchange employees if they participate in improper trading practices. The mandate comes from the fact that these employees have firsthand knowledge regarding the crypto market, putting other crypto traders at a disadvantage.
Moreover, the regulation will prohibit the trading of cryptocurrencies that have an anonymity feature to decrease the occurrence of money laundering. Zcash and Monero are among those that will be encompassed by this restriction, along with other cryptocurrencies designed to hide the identity of users and the transactions they conduct.
The JVCEA was formed following the hacking of Japanese crypto exchange Coincheck, where the culprits took off with $534 million worth of cryptocurrencies. The agency is the result of the merging of Japan Cryptocurrency Business Association (JCBA) and Japan Blockchain Association (JBA).
As of this writing, the government body has yet to announce who will fill the vacant positions left by Kano and Hiroyuki. And similar to most things, time will only tell whether their departure will have a significant impact on the agency moving forward.
