The Japanese government investigates 15 Exchangers to determine if they meet the certification to operate in the cryptocurrency market.
(Tokyo Japan) - Financial Services Minister Taro Aso announced today that 16 Exhangers operating in the nation will be investigated to determine if they meet the requirements of the certification that regulates this type of digital business. The measure has intensified after the millionaire robbery of NEM to Coincheck.
According to it has been published in Japan Times (JT) 5 of the Exhangers have already been informed of the inspection.
In announcing the on-site inspection plans at a press conference, Aso warned corporate clients to keep in mind that financial regulators are currently examining their license applications.
After the high-profile theft, the Financial Services Agency ordered 16 registered virtual currency exchange operators, as well as the 15 unregistered operators, to verify and notify their security measures, including precautions against unauthorized access.
After an analysis of its reports, the FSA concluded that detailed inspections are necessary in the 15 unregistered operators.
What is sought with this type of regulation is to validate which Exhangers comply with the security and legal regulations to support their clients as well as their practices in the price of assets.
For their part, users who want to open an account must do so with the new registration module, which requires a real name and an ID that corroborates the information provided to the Exhanger.
When the robbery to Clincheck happened, it was in the process of verification by the Japanese authorities.
good about time these exchanges get a kick up the ass
Hahahhaha Yeah that's the true men.