The Japanese Government Finally Orders a Crypto Exchange to Shut Down

[kreslik.news]

To say that the Japanese government has been forgiving towards cryptocurrency exchanges may be too strong of a statement–but not by much.

While the Japanese government has increased the vigilance and strictness with which it enforces the regulations it has set for cryptocurrency exchanges, the government has never gone so far as to actually deny an application for an operational license. Instead, the government has given exchanges who continually fail to meet the application’s standards the opportunity to gracefully withdraw their applications and end their operations on their own accord.

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