RATE Group | Japanese Minister Denies Association with Cryptocurrency Firm Under Investigation
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Japanese Minister Denies Association with Cryptocurrency Firm Under Investigation

21 Jul Japanese Minister Denies Association with Cryptocurrency Firm Under Investigation

Posted at 04:41h in Cryptocurrency News by

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Japan

Seiko Noda, Japan’s internal affairs minister, denied having an interest in a cryptocurrency company under investigation and interfering in that investigation, according to a report in Asahi Shimbun. As a Cabinet minister, Noda could be accused of trying to influence a government investigation.

Noda acknowledged that one of her aides was present at a meeting on Jan. 30 during which a Financial Services Agency representative explained the agency’s position on regulations governing funds raised by issuing cryptocurrencies and other topics.

FSA Warns Company

The FSA warned the unnamed company on Jan. 12 that it suspected the company of engaging cryptocurrency exchanges, which it was not registered to do, and such an action violates payment services law, sources said. The company offered its own cryptocurrencies in October.

The FSA demanded answers from the company, and gave a deadline after which it would report the matter to investigators.

Noda’s office contacted the FSA…

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