Japanese Regulator Begins Punishing Cryptocurrency Exchanges Post-Inspection

[kreslik.news]

Nikkei has reported that the Japanese financial regulator, the Financial Services Agency, has issued punishment notices to several cryptocurrency exchanges.

An unknown number are also going to receive suspension notices.

The FSA has been investigating exchanges since 534 million USD worth of cryptocurrency was stolen from Coincheck, a popular exchange, in January. This was the world’s biggest cryptocurrency theft at that point. At the time, the regulator said that it will be conducting on-site checks of trading venues.

The first set of inspections is now complete. According to the report, the FSA has decided to ... (read more)