Quote from: VitKoyn on March 31, 2018, 07:11:28 AM

Quote from: partyush on March 30, 2018, 04:23:38 PM

The increased regulations by the once crypto favourable Japan will affect the crypto investors and market negatively.

Read more: https://coingape.com/two-japan-cryptocurrency-exchange-shutdown/

Well for me this is not a "not good situation", if those cryptocurrency exchanges can't improve their system securities then it is right to just shutdown their service, why would people use a service that have a lot of flaws with their platforms. I agree that exchanges should be regulated, it is for us, the customers, and users good and this is also to prevent those excuses that they've been hacked but the truth is it is just an inside job and will not issue a refund to those customers lol. If other exchanges in japan wants to join this two exchanges then let them, only exchanges that have great securities will survive, we don't need those shady exchanges. btw this is a good move by japan.

I also believe that this is a good move by Japan. First, it only shows that their government want to accept cryptocurrency as legal mode of payment and second they want to attract investors by removing those shady exchanges that will make the industry in chaos any time in the future.