TokyoJPY has set GlobalFreeze

[donch]

{
   "id" : 1,
   "result" : {
      "Account" : "r94s8px6kSw1uZ1MV98dhSRTvc6VMPoPcN",
      "Fee" : "12000",
      "Flags" : 0,
      "Sequence" : 7520,
      "SetFlag" : 7,
      "SigningPubKey" : "023B13ADE6C5658EB72F773E354CFBEF17684A6AFE669349142B6D33C4A5031897",
      "TransactionType" : "AccountSet",
      "TxnSignature" : "30440220529A33D10B6821D53142AD307C133A80DFF0C14F922681204381FB271EBC470602202D995682980D586D0081F37C6770BF4B7330629852C52891A5B61F390E66450C",
      "date" : 560080240,
      "hash" : "082DE55DF4018F8511F9E69D10C1FD535C81BC21D506219E4DB94E6BBEBAD285",
      "inLedger" : 33152579,
      "ledger_index" : 33152579,
      "meta" : {
         "AffectedNodes" : [
            {
               "ModifiedNode" : {
                  "FinalFields" : {
                     "Account" : "r94s8px6kSw1uZ1MV98dhSRTvc6VMPoPcN",
                     "Balance" : "34862248720",
                     "Flags" : 13107200,
                     "OwnerCount" : 627,
                     "Sequence" : 7521,
                     "TransferRate" : 1001980000
                  },
                  "LedgerEntryType" : "AccountRoot",
                  "LedgerIndex" : "EE12999E134D4200C247E23F5FF5142B2F80B331F873A70DF93D32C26452FE3A",
                  "PreviousFields" : {
                     "Balance" : "34862260720",
                     "Flags" : 8912896,
                     "Sequence" : 7520
                  },
                  "PreviousTxnID" : "125B8685380599E9B0FE0DE095D1FF3CF9888DD6C30B23C51006EC71209668E0",
                  "PreviousTxnLgrSeq" : 33152017
               }
            }
         ],
         "TransactionIndex" : 27,
         "TransactionResult" : "tesSUCCESS"
      },
      "status" : "success",
      "validated" : true
   }
}

Looks like TokyoJPY has thrown in the towel. This is bad because lots of accounts have outstanding balances:

https://gist.githubusercontent.com/donovanhide/d260fac2595c7201a9e6ff1438ef23d8/raw/e8f33c541270cd8697753eb9ba42626342ffaf82/gistfile1.txt

[T8493]

Is this their website www.tokyojpy.com ? This website is also gone (it is redirected to Japanese version of Yahoo).

Maybe this has something to do with licenses:

https://www.coindesk.com/japans-finance-regulator-issues-licenses-for-11-bitcoin-exchanges/

 

 

[kenrino]

I think the site might redirect foreign visitors to yahoo ? 

[NanamiIsLove]

AFAIK that redirect exists for quite some time now. At least a year if not two. 

[tulo]

Probably it's related to regulations.

[donch]

The site was operational in July of this year:

https://web.archive.org/web/20170709210500/https://www.tokyojpy.com/

Market makers are and have been trading it. The rippled logs are full this morning of:

 

2017-Sep-30 11:23:05 OpenLedger:WRN Offer involves frozen asset
2017-Sep-30 11:23:05 OpenLedger:WRN Offer involves frozen asset
2017-Sep-30 11:23:07 OpenLedger:WRN Offer involves frozen asset
2017-Sep-30 11:23:07 OpenLedger:WRN Offer involves frozen asset
2017-Sep-30 11:23:07 OpenLedger:WRN Offer involves frozen asset
2017-Sep-30 11:23:07 LedgerConsensus:WRN Offer involves frozen asset
2017-Sep-30 11:23:07 LedgerConsensus:WRN Offer involves frozen asset
2017-Sep-30 11:23:07 LedgerConsensus:WRN Offer involves frozen asset
2017-Sep-30 11:23:07 LedgerConsensus:WRN Offer involves frozen asset
2017-Sep-30 11:23:07 LedgerConsensus:WRN Offer involves frozen asset
2017-Sep-30 11:23:07 LedgerConsensus:WRN Offer involves frozen asset
2017-Sep-30 11:23:07 LedgerConsensus:WRN Offer involves frozen asset
2017-Sep-30 11:23:07 LedgerConsensus:WRN Offer involves frozen asset
2017-Sep-30 11:23:07 OpenLedger:WRN Offer involves frozen asset
2017-Sep-30 11:23:07 OpenLedger:WRN Offer involves frozen asset
2017-Sep-30 11:23:07 OpenLedger:WRN Offer involves frozen asset
2017-Sep-30 11:23:07 OpenLedger:WRN Offer involves frozen asset
2017-Sep-30 11:23:07 OpenLedger:WRN Offer involves frozen asset
2017-Sep-30 11:23:07 OpenLedger:WRN Offer involves frozen asset
2017-Sep-30 11:23:07 OpenLedger:WRN Offer involves frozen asset
2017-Sep-30 11:23:07 OpenLedger:WRN Offer involves frozen asset
2017-Sep-30 11:23:07 OpenLedger:WRN Offer involves frozen asset
2017-Sep-30 11:23:07 OpenLedger:WRN Offer involves frozen asset
2017-Sep-30 11:23:07 OpenLedger:WRN Offer involves frozen asset
2017-Sep-30 11:23:08 OpenLedger:WRN Offer involves frozen asset
2017-Sep-30 11:23:09 OpenLedger:WRN Offer involves frozen asset
2017-Sep-30 11:23:09 OpenLedger:WRN Offer involves frozen asset

 

[tulo]

That's pretty big! We need some Japanese that can check on the website? What do they want users do with their IOUs? Redeem and withdrawal? I think somewhere I still have some JPY, but fortunately I stopped MM them .

[velmet]

One can use Japan proxy to access their site (like http://proxyjapan.nu/ ). Google Translate version of the announcement text on their site:

Quote

Business tie-up notice

　Posted on: 2017-09-01

Notice of Business Alliance 
Joint Statement Tokyo Gateway Co., Ltd. Tokyo JPY Issuer The 

Virtual Currency Law has been enforced by the "Revised Funds Settlement Act" effective April 1, 2017, 
and deal with virtual currency · Issuing office) became licensed business under jurisdiction of the Financial Services Agency. 

While proceeding with discussions with the Financial Services Agency, companies that handle the same Ripple as the Tokyo JPY issuing office mutually confirmed their direction. 

While confirming the progress of both FSA approval, we agreed to cooperate with each other to maximize the benefits of both sides, and by utilizing the characteristics of each other's services in the future to cooperate with each other, We have agreed to do development so we will report it. Regarding new service contents, we will announce it in the future. 

Tokyo Gateway Co., Ltd. is a business company boasting the world's largest number of users as a pure Ripple business operator, Tokyo Gateway Co., Ltd. has a multi-currency (bit coin, XRP, ) Will be the world's first pure gateway company trying to realize the handling of ripple networks. 

From now on, we decided to maximize the strengths of both parties and to promote the project in stages cooperating. 
Regarding concrete measures, we will report to users at any time. 

Tokyo Gateway Co., Ltd. and the Tokyo JPY Issuing Plant will continue to pursue Japan's first financial infrastructure and settlement company in the world. 

Your continued support, all of our executives and staff, please continue to thank you. 

Tokyo Gateway Co., Ltd.　
Representative Director Tsuyoshi Mikami

Takeshi Tsuboi, President, Tokyo JPY Issuing Office

 

[tulo]

At least they don't have the NoFreeze flag, so they can revert the global freeze ....

[T8493]

5 minutes ago, tulo said:

That's pretty big!

Their trading volume (especially JPY/XRP pair) on RCL is very small...

 

[tulo]

Just now, T8493 said:

Their trading volume (especially JPY/XRP pair) on RCL is very small...

 

It's zero! none can trade anymore their IOUs.

[NanamiIsLove]

Stupid See the bottom comment...

Edited September 30, 2017 by NanamiIsLove
Irrelevant

[velmet]

Another Google Translated announcement from their site:

Quote

Report on progress and 
concerning future business of Tokyo YY issuing office  

  We will report on the current process and the correspondence with our company concerning the current revised fund settlement law (and the Cabinet Office Ordinance on virtual currency exchange companies).

   

Our company was founded on July 2, 2014 and has been operating for ripple system for more than 3 years to date to date. As such, the revised fund settlement law was established in the Diet on December 28, 2016, the law was enacted in April 2017, and a virtual currency exchange trader registration system was newly established as a regulation on the virtual currency In response to that, we were considering discussing with the concerned parties concerning whether the business of our company falls under the virtual currency exchange business.

   

As a result of comprehensive consideration of the future stable provision of services to users, the work of the group, as of the end of September 2017, all except the withdrawal (refund) of the company We came to the conclusion to conclude the work of the company, so I will report it here. We sincerely apologize to everyone for causing inconvenience regarding the termination of service. In addition, for existing members, we will continue to carry out withdrawal (withdrawal) in the same way as before, so if you wish to withdraw (refund), you will need to make a normal withdrawal procedure Thank you. If you have any questions or concerns, we would be pleased if you could contact us via the "Contact Us" form.

   

<For Customers Wishing to Continue Future Deals>

Members of the Company, together with a new business partner , established Tokyo Gateway Co., Ltd. ( https://www.tokyogw.com/ ) on September 12, 2016, not only ripple (XRP), but also bit coin, We have started business with the purpose of dealing with a wide range of virtual currencies, including the currency. As for those who wish to continue dealing as before, by making a new registration of Tokyo Gateway Co., Ltd., we will provide the same service as before without changing the usage environment significantly I will do.

 

<About Tokyo Gateway Co., Ltd.>

TOKYO GATEWAY, LTD., We hereby state that we are legally operating as legitimate business as "virtual currency exchanges only without vendor" under the revised fund settlement law.

 

<Inquiries concerning this matter>

Please input from "inquiry" form on our homepage homepage.

 

[T8493]

1 minute ago, tulo said:

It's zero! none can trade anymore their IOUs.

Currently yes, but even in the previous days it was pretty small. Around 1-2% of total RCL (without exchanges) trading volume, maybe 4 or 5% on good days.

 

[tulo]

2 minutes ago, velmet said:

As a result of comprehensive consideration of the future stable provision of services to users, the work of the group, as of the end of September 2017, all except the withdrawal (refund) of the company We came to the conclusion to conclude the work of the company, so I will report it here. We sincerely apologize to everyone for causing inconvenience regarding the termination of service. In addition, for existing members, we will continue to carry out withdrawal (withdrawal) in the same way as before, so if you wish to withdraw (refund), you will need to make a normal withdrawal procedure Thank you. If you have any questions or concerns, we would be pleased if you could contact us via the "Contact Us" form.

Google translation is terrible, but does it mean they are closing and they allow only withdrawals? Pretty hard for people without a Japanese bank account