Despite news of today’s Bitpoint hack, Japan is moving forward with granting licenses to new exchanges. Over 100 new exchanges are undergoing the licensing process. Japan hopes to regain its favorable crypto-friendly jurisdiction status.

Minnesota congressman Tom Emmer announced a bill to protect cryptocurrency and blockchain token users from penalties from improperly paying taxes on forked coins in the face of uncertainty and a lack of guidance from the IRS. The bill was initially announced in May, but has now been formerly introduced.