13 Japanese exchanges, all members of the Japan Cryptocurrency Business Association (JCBA), have jointly agreed to temporarily halt Bitcoin transactions on August 1st. Suspension of Bitcoin Deposits and Withdrawals The Japan Cryptocurrency Business Association (JCBA) has announced that 13 Japanese exchanges will suspend Bitcoin trading on their platforms, for the upcoming possibility of a Bitcoin split. The exchanges are fearing a potential delay of Bitcoin transactions and even loss of transactions, that may occur on August 1st.
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There is an increasing interest for blockchain technology in Japan, as NRI and Japan Exchange Group have started a new distributed ledgers trial. What makes this announcement even more appealing is how other major financial institutions are part of this collaboration as well, and the securities industry is one area where the blockchain can make a significant impact. Also read: FortuneJack: Provably Fair Bitcoin Gaming Across the Globe NRI and Japan Exchange Blockchain Study Many financial