J-Pop Star GACKT Caught Between Crypto Company Spindle and Minister’s Gaffe

J-Pop Star GACKT Caught Between Crypto Company Spindle and Minister’s Gaffe

Spindle, Japan’s largest ICO officially promoted by a J-Pop star, Gakuto Oshiro, (45) better known by his stage name GACKT, was the unnamed crypto company allegedly slammed by the FSA earlier this year, a weekly Japanese magazine revealed. The company, which began dealing its own cryptocurrency, “Spindles,” aka “GACKT Coins,” in October 2017, received administrative guidance from the FSA in February 2018 not to continue selling cryptocurrencies.

Weekly Flash revealed a photo of the Japanese androgynous artist GACKT (45), and Seiko Noda, the current Japanese Minister of Internal Affairs, taken in March 2013 together with Sanae Takaichi, the then Minister of Public Affairs and Communications.

Seiko Noda served as the Chairman of General Affairs and Takaichi as Chairman of their political party at the time. The two had their offices on the 6th floor of Japan’s LDP (Liberal Democratic Party) headquarters building.

Noda and GACKT’s friendship was also already well known among the Nagatacho political circle, according to an LDP lawmaker who spoke to Weekly Flash.

GACKT, famous for his anime-like facial features, is also known for a music album he released in 2007 in reference to Gundam, a 2005 film trilogy. GACKT started to be interested in cryptocurrencies and their implication around 2016, and he said he began getting involved in the business early last year.

When asked why he got involved in the crypto space, GACKT told news.Bitcoin.com that he believes cryptocurrencies are the future. “[Crypto] has a lot of potentials. The world is governed by countries which have power due to the money they print. They supplied wars throughout history. I believe this centralized world will soon end, and a decentralized one will start.” GACKT told news.Bitcoin.com in an interview. “The world manages to preserve the balance but it’ll lose it if it remains the way it is. We had to find a long-term solution and [I believe] cryptocurrencies and the Blockchain technology are the solution. This is why I got involved in crypto,” he said.

Noda was exposed, being accused of exerting pressure on an official government investigation. On July 19th, it was reported that the company, Spindle, tied to GACKT was suspected by the FSA of violating the fund settlement law.

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