GMO Coin to Improve Risk Management Following FSA Inspection

[kreslik.news]

GMO Coin, the cryptocurrency exchange owned by Japanese giant GMO Internet, has announced new measures to comply with the requirements of the Japanese financial regulator, according to Live Bitcoin News.

The Japanese Financial Services Agency (FSA) began inspections of cryptocurrency exchanges in the country earlier this year following the theft of more than 500 million dollars in cryptocurrency from major exchange Coincheck in January.

GMO Coin’s inspection took place in March, and the upshot was that it received a business improvement order from the FSA which requires that it improve its risk management structure.

According to the report, it has submitted ... (read more)