Cryptocurrency News From Japan: Feb. 9

This past week in Japan, native exchange Bitpoint released data showing a massive deficit from 2019, Japan’s Financial Services Agency mentioned upcoming tightened regulations, Japanese and European central banks researched distributed ledger technology, Japan’s Liberal Democratic Party chairman expressed fears of Libra and the Chinese digital yuan, and the GMO Coin exchange hit 300,000 users.

Check out some of this week’s crypto and blockchain headlines, originally reported by Cointelegraph Japan.

Japanese exchange operates in deficit for most of 2019

Japan-based exchange Bitpoint recently publicized its monetary records for Q2, Q3 and Q4 2019, revealing a 62.9% decline in sales. The entity ran the business amid a deficit of almost $6 million, more than 10 times higher than its 2018 deficit.

In July 2019, Cointelegraph reported that thieves stole approximately $32 million worth of crypto assets from the exchange.

The exchange reopened operations in August 2019, although the…