CRYPTO NEWS FROM ASIA.

Japan Financial Services Agency will tight the requirements for crypto-crawl

To avoid theft of user funds, which happened at the Coincheck exchange, the regulator will introduce new rules this summer. The exchanges will have to identify the client during the conduction of large transactions. To store client assets separately from exchange assets, crypto-exchanges will have to track balances on customer accounts several times a day to detect deviations. The exchanges will also require the introduction of internal rules that prevent  usement of customer funds by employees.


But in South Korea are planning to simplify the rules of trading crypto-currencies

The new head of the Financial Supervision Service of South Korea (FSS), Yun Sok Hyun, said that the authorities will strive to simplify the rules of domestic trade in crypto-currencies. Notice that  last week it also became known that the country is planning to legalize ICO.

Now in South Korea, operations with crypto-currencies can only be carried out by using real banking operations.