Friday, June 22, 2018
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Apple Turns to the U.S. Patent Office to Invalidate Qualcomm Patents
Samsung Patents Bezel-less, Notch-free Smartphone Design
China is Home to Most Smartphone Vendors
VidCon 2018: Youtube Announces Memberships, Merchandise as Alternatives to Ads
Chatting With Google Assistant Gets More Natural
Intel CEO Brian Krzanich Resigns After Found to Have Relationship With Employee
Xbox Won't Support VR
AT&T to Launch Wireless Plans Bundled With Video
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Japan t...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, March 07, 2018
Japan to Punish Cryptocurrency Exchanges

Japan's financial watchdog says that some of Japan's cryptocurrency exchange operators are about to be slapped with punitive measures by the Financial Services Agency.

The Financial Services Agency has been inspecting the exchanges since hackers made off with 58 billion yen ($550 million) worth of NEM coins from Coincheck, a popular exchange based in Tokyo. According to Nikkei, the FSA will send business suspension orders to an unspecified number of cryptocurrency exchange operators.

The penalties follow the uncovering of flaws in customer protection and anti-money laundering measures during on-site checks at the exchanges, the Nikkei said.

In addition, the FSA is set to issue a second business improvement order to Coincheck. The agency will monitor any progress the operator makes toward compensating its clients for losses.

Coincheck suspended its operations the day it was hacked. It has since returned any yen its customers were holding with it but has not reimbursed its clients for their cryptocurrency holdings.

Last year, Japan became the world's first country to regulate cryptocurrency exchanges at the national level.

Many global regulators have warned about cryptocurrencies this year and China has banned financial institutions from processing them.

Broadcom Pledges to Make the U.S. the Global Leader in 5G After Qualcomm Acquisition        All News        Intel Has Made a Server as Easy to Upgrade as a Light Bulb
DENSO to Increase Its Shareholding in Renesas     General Computing News      New Privacy Screen Settings Layout Coming to Windows 10

Get RSS feed Easy Print E-Mail this Message

Related News
Europe to Regulate Crypto-currencies
U.S. and UK Government Websites Carried Crypto-mining Malware: report
Bitcoin Drops to $10,000 After Facebook Ad Ban
Hackers Steal $534 million From Tokyo's Coincheck Virtual Bank
New Metronome Cryptocurrency to Work on Multiple Blockchains
Millions of PCs Are Being Used for Stealthy Cryptocurrency Mining
U.S. to Auction $1.6 million of Bitcoin
Bitfinex Exchange Customers to Get Haircut
Bitcoin Worth $72 Million Stolen from Bitfinex
Microsoft Store No Longer Accepts Bitcoin
Reports Claim Bitcoin Founder Found In Australia
Bitstamp Stops Service Following A Hack

Most Popular News
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .