Japanese authorities have launched an on-site inspection of the virtual currency exchange Coincheck.
Chinese President Xi Jinping and British Prime Minister Theresa May have agreed to further enhance bilateral ties in trade, investment, and other fields.
With the opening of the PyeongChang Winter Olympics one week away, 25 percent of the tickets remain unsold.
https://www3.nhk.or.jp/nhkworld/upld/medias/en/radio/news/20180202200000_english_1.mp3
Key words : Japanese authorities
https://www3.nhk.or.jp/nhkworld/en/news/20180202_25/
Japanese authorities have launched an on-site inspection of the virtual currency exchange Coincheck. Friday's move follows the theft of a massive amount of cryptocurrency at the exchange.
Sources close to the matter say the Financial Services Agency wants to confirm whether the firm has enough money to repay affected customers. Coincheck has been saying it does.
However, the reimbursement is expected to total about 420 million dollars and the agency needs to know more about Coincheck's services, security measures and how customers' assets are stored.
The probe is unprecedented as it comes before Coincheck submits a response to a business-improvement order that the agency issued on Monday. The authorities have set a February 13th deadline for the executives to respond.
The order requires Coincheck to unravel the details of the theft, quickly reimburse the affected customers, and take thorough measures to prevent a recurrence.
Hackers targeted Coincheck's online platform on January 26th. More than 500 million dollars' worth of a cryptocurrency called NEM was stolen.
The Tokyo-based company has suspended transactions and withdrawals of NEM and other cryptocurrencies, as employees try to pinpoint the cause of the heist. But it remains unclear when customers can expect compensation or when services will resume.
Sources close to the matter say the Financial Services Agency wants to confirm whether the firm has enough money to repay affected customers. Coincheck has been saying it does.
However, the reimbursement is expected to total about 420 million dollars and the agency needs to know more about Coincheck's services, security measures and how customers' assets are stored.
The probe is unprecedented as it comes before Coincheck submits a response to a business-improvement order that the agency issued on Monday. The authorities have set a February 13th deadline for the executives to respond.
The order requires Coincheck to unravel the details of the theft, quickly reimburse the affected customers, and take thorough measures to prevent a recurrence.
Hackers targeted Coincheck's online platform on January 26th. More than 500 million dollars' worth of a cryptocurrency called NEM was stolen.
The Tokyo-based company has suspended transactions and withdrawals of NEM and other cryptocurrencies, as employees try to pinpoint the cause of the heist. But it remains unclear when customers can expect compensation or when services will resume.
Key words : Coincheck spokesperson
https://www3.nhk.or.jp/nhkworld/en/news/20180202_31/
The hacked virtual currency exchange, Coincheck, says it will respond to the authorities' probe sincerely.
The Financial Services Agency launched on-site inspections of the Tokyo-based operator of the digital currency exchange on Friday, following a massive theft of customer assets on January 26th.
A Coincheck spokesperson told NHK that the firm remains confident that it can reimburse the affected customers, although it cannot say when. The reimbursement is likely to total about 420 million dollars.
When asked if Coincheck had been managing customers' funds separately from the firm's, the spokesperson said it is confirming the facts and that it will give an answer after the confirmation.
The Financial Services Agency launched on-site inspections of the Tokyo-based operator of the digital currency exchange on Friday, following a massive theft of customer assets on January 26th.
A Coincheck spokesperson told NHK that the firm remains confident that it can reimburse the affected customers, although it cannot say when. The reimbursement is likely to total about 420 million dollars.
When asked if Coincheck had been managing customers' funds separately from the firm's, the spokesperson said it is confirming the facts and that it will give an answer after the confirmation.
Key words : group of lawyer
https://www3.nhk.or.jp/nhkworld/en/news/20180202_03/
A group of lawyers says it is preparing a lawsuit against virtual currency exchange Coincheck in connection with the computer hack that stole a massive amount of digital currency last week.
The team of 5 lawyers says about 10 customers of the Tokyo-based company have consulted them. The lawyers say they will file a lawsuit at the Tokyo District Court as early as mid-February.
The lawyers say they will study details of the suit, including how the plaintiffs should be reimbursed. They add that they will allow other victims to join the suit.
Hackers gained illegal access to Coincheck's online platform on January 26th and stole more than 500 million dollars' worth of cryptocurrency called NEM.
Two days later, the exchange said it would use its own funds to reimburse about 260,000 customers who were affected. But it remains unknown when the reimbursement will take place.
The team of 5 lawyers says about 10 customers of the Tokyo-based company have consulted them. The lawyers say they will file a lawsuit at the Tokyo District Court as early as mid-February.
The lawyers say they will study details of the suit, including how the plaintiffs should be reimbursed. They add that they will allow other victims to join the suit.
Hackers gained illegal access to Coincheck's online platform on January 26th and stole more than 500 million dollars' worth of cryptocurrency called NEM.
Two days later, the exchange said it would use its own funds to reimburse about 260,000 customers who were affected. But it remains unknown when the reimbursement will take place.
Key words : Japanese budget
https://www3.nhk.or.jp/nhkworld/en/news/20180202_27/
A Japanese budget airline is having second thoughts about accepting virtual money.
Peach Aviation says it's thinking about canceling a plan to accept such money for ticket payments.
Officials of the firm say the recent hack on the exchange service Coincheck and recent fluctuations in cryptocurrency markets made them question the reliability of digital currency.
Peach Aviation said last May that it planned to accept bitcoin. The firm hoped to attract more foreign travelers as transaction fees for the currency can be much cheaper than those for cash, and bitcoin transactions can be done on smartphones.
An increasing number of retailers and restaurants in Japan are considering accepting virtual currencies. But recent events have led to calls for more regulation.
Peach Aviation says it's thinking about canceling a plan to accept such money for ticket payments.
Officials of the firm say the recent hack on the exchange service Coincheck and recent fluctuations in cryptocurrency markets made them question the reliability of digital currency.
Peach Aviation said last May that it planned to accept bitcoin. The firm hoped to attract more foreign travelers as transaction fees for the currency can be much cheaper than those for cash, and bitcoin transactions can be done on smartphones.
An increasing number of retailers and restaurants in Japan are considering accepting virtual currencies. But recent events have led to calls for more regulation.
Key words : Chinese president agreed enhance
https://www3.nhk.or.jp/nhkworld/en/news/20180202_09/
Chinese President Xi Jinping and British Prime Minister Theresa May have agreed to further enhance bilateral ties in trade, investment, and other fields. They also confirmed they will cooperate in promoting Beijing's Belt and Road initiative.
China's state-run Xinhua news agency reports that Xi told May in Beijing on Thursday that the Belt and Road initiative, which seeks to create a large economic zone, is open, transparent, and mutually beneficial. He said China and Britain should cooperate at a higher level within the framework.
May said the initiative has far-reaching global influence. She expressed hope that the 2 countries can cooperate in this regard.
The 2 leaders agreed that their countries will enhance cooperation in a wide range of fields to embrace a "Golden Era" of bilateral ties.
But the British government says May pointed out the importance of international standards and transparency to ensure the initiative's success.
British companies traveling with May are expected to sign deals worth about 12 billion dollars with the Chinese side.
Observers say Britain has shown its understanding of the Chinese initiative ahead of its exit from the European Union.
China's state-run Xinhua news agency reports that Xi told May in Beijing on Thursday that the Belt and Road initiative, which seeks to create a large economic zone, is open, transparent, and mutually beneficial. He said China and Britain should cooperate at a higher level within the framework.
May said the initiative has far-reaching global influence. She expressed hope that the 2 countries can cooperate in this regard.
The 2 leaders agreed that their countries will enhance cooperation in a wide range of fields to embrace a "Golden Era" of bilateral ties.
But the British government says May pointed out the importance of international standards and transparency to ensure the initiative's success.
British companies traveling with May are expected to sign deals worth about 12 billion dollars with the Chinese side.
Observers say Britain has shown its understanding of the Chinese initiative ahead of its exit from the European Union.
Key words : US secretary
https://www3.nhk.or.jp/nhkworld/en/news/20180202_15/
US Secretary of State Rex Tillerson has warned against China's growing economic presence in Latin America.
Tillerson gave a speech in Austin, Texas, on Thursday, ahead of a 5-nation trip to Mexico, Argentina, Peru, Colombia and Jamaica.
He said China is using economic statecraft to pull the region into its orbit, and warned Latin American countries to avoid excessive economic reliance on China.
He said Latin America does not need new imperial powers that seek only to benefit their own people.
Tillerson said the United States stands in vivid contrast, suggesting that it will help develop Latin American countries while respecting international norms.
This will be Tillerson's first visit to the region as Secretary of State.
Attention is focused on whether he can promote bilateral ties with Latin American nations as President Donald Trump is seeking the construction of a wall along the US-Mexico border and is also promoting protectionist trade policies.
Tillerson gave a speech in Austin, Texas, on Thursday, ahead of a 5-nation trip to Mexico, Argentina, Peru, Colombia and Jamaica.
He said China is using economic statecraft to pull the region into its orbit, and warned Latin American countries to avoid excessive economic reliance on China.
He said Latin America does not need new imperial powers that seek only to benefit their own people.
Tillerson said the United States stands in vivid contrast, suggesting that it will help develop Latin American countries while respecting international norms.
This will be Tillerson's first visit to the region as Secretary of State.
Attention is focused on whether he can promote bilateral ties with Latin American nations as President Donald Trump is seeking the construction of a wall along the US-Mexico border and is also promoting protectionist trade policies.
Key words : Insight us federal reserve board change
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Key words : opening olympic one week away
https://www3.nhk.or.jp/nhkworld/en/news/20180202_13/
With the opening of the PyeongChang Winter Olympics one week away, 25 percent of the tickets remain unsold.
As of Friday, athletes from a record 92 countries and territories have registered to take part in the Games, which run from February 9th through 25th.
The organizing committee says 75 percent of the tickets had been sold by Thursday. The figure was around 69 percent on December 19th.
The organizers are scrambling to boost sales. They are offering free bus services between the capital city of Seoul and the Olympic site of Pyeongchang for those who purchase tickets for the Games.
The president of the organizing committee, Lee Hee-beom , says sales of expensive tickets are particularly stagnant. He says the organizers are redoubling their efforts to increase sales.
The opening ceremony starts at 8 PM next Friday, making it important to protect spectators from the bitter cold. The organizing committee plans to install more heated resting spaces and provide items to fight the cold as well as triple the number of emergency personnel.
On Thursday, the Olympic Villages opened in Pyeongchang and the coastal city of Gangneung.
Preparations for accepting athletes and officials from around the world are in their final stage.
Most of the Japanese delegation is expected to arrive in Pyeongchang on Sunday.
As of Friday, athletes from a record 92 countries and territories have registered to take part in the Games, which run from February 9th through 25th.
The organizing committee says 75 percent of the tickets had been sold by Thursday. The figure was around 69 percent on December 19th.
The organizers are scrambling to boost sales. They are offering free bus services between the capital city of Seoul and the Olympic site of Pyeongchang for those who purchase tickets for the Games.
The president of the organizing committee, Lee Hee-beom , says sales of expensive tickets are particularly stagnant. He says the organizers are redoubling their efforts to increase sales.
The opening ceremony starts at 8 PM next Friday, making it important to protect spectators from the bitter cold. The organizing committee plans to install more heated resting spaces and provide items to fight the cold as well as triple the number of emergency personnel.
On Thursday, the Olympic Villages opened in Pyeongchang and the coastal city of Gangneung.
Preparations for accepting athletes and officials from around the world are in their final stage.
Most of the Japanese delegation is expected to arrive in Pyeongchang on Sunday.
Key words : russian olympic send
https://www3.nhk.or.jp/nhkworld/en/news/20180202_07/
The Russian Paralympic Committee will send 40 neutral athletes to the PyeongChang Games next month.
The committee on Thursday accepted a decision taken by the International Paralympic Committee on Monday regarding revelations about Russia's state-sponsored doping program.
About 170 Russians will compete in the PyeongChang Olympics as neutral athletes this month.
Russian Olympians and Paralympians will be banned from wearing uniforms bearing the name of their country. The Russian flag will also be absent from medal ceremonies.
Russian President Vladimir Putin invited Olympians to his official residence outside Moscow on Wednesday.
He said he is sorry for not having been able to protect the athletes from the situation.
Athletes presented Putin with a jersey bearing the slogan "Russia in my heart." They pledged to do their best, keeping in mind that they represent Russia.
The committee on Thursday accepted a decision taken by the International Paralympic Committee on Monday regarding revelations about Russia's state-sponsored doping program.
About 170 Russians will compete in the PyeongChang Olympics as neutral athletes this month.
Russian Olympians and Paralympians will be banned from wearing uniforms bearing the name of their country. The Russian flag will also be absent from medal ceremonies.
Russian President Vladimir Putin invited Olympians to his official residence outside Moscow on Wednesday.
He said he is sorry for not having been able to protect the athletes from the situation.
Athletes presented Putin with a jersey bearing the slogan "Russia in my heart." They pledged to do their best, keeping in mind that they represent Russia.
Key words : historical city
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