Japan’s FSA probes virtual currency named after Prime Minister

Japan’s Financial Services Agency (FSA) has initiated a probe into a virtual currency that is named after the Prime Minister, as part of a broader crackdown on unregistered cryptocurrencies amid rising concerns over investor risks. This investigation specifically targets tokens that mimic public officials, aligning with the FSA’s efforts to curb misleading promotions within the crypto space.

Source

You might be interested in …

Crypto Desk February 8, 2026

Ethereum faces supply compression amid rising ETF and staking activity

Ethereum’s supply is experiencing a significant contraction due to increasing institutional interest and a substantial portion of the supply being locked in staking. This reduction in the “liquid float” of ETH results from major financial […]

Crypto Desk February 24, 2026

Step Finance shuts down after $40M security breach

Step Finance, a Solana-based portfolio management platform, announced the cessation of its operations following a security breach on January 31 that resulted in the loss of $40 million. Despite attempts to secure external liquidity through […]

Crypto Desk February 20, 2026

SOL and XRP Spot ETFs See Net Inflows While BTC and ETH ETFs Experience Outflows

On February 19, spot ETFs for Solana (SOL) and XRP experienced net inflows of $5.94 million and $4.05 million, respectively, while Bitcoin (BTC) and Ethereum (ETH) spot ETFs saw significant outflows totaling $165.8 million and […]