2018-6-27 20:26 |
Bitcoin businesses were booming in Japan — especially exchanges — but there came a turning point.
This prompted Japanese authorities to finally step in and begin a path of strong and rigid regulation on cryptocurrency exchanges across the nation.
It led to the Financial Services Agency (FSA) getting their hands dirty and beginning to look into how these exchanges were being run.
“The company does not properly evaluate in the virtual currency space, as a result, an appropriate internal control system has not been established”.
Taking matters into their handsThis turning point of the Coincheck hack, and the FSA involvement, sparked some of the bigger and more established exchanges to band together.
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