Re: Japan's Financial Watchdog Sends Improvement Orders to Six Crypto Exchanges
FSA (Financial Services Agency), Japans financial watchdog, has sent business improvement orders to six crypto exchanges operating in Japan, according to an announcement made by the agency on Friday. Read on to know more!
Link for article : https://coinfrenzy.io/japans-financial-watchdog-sends-improvement-orders/
Link for article : https://coinfrenzy.io/japans-financial-watchdog-sends-improvement-orders/
Yup, it's just normal. KYC and AML are clearly necessary nowadays when transferring values from crypto world to fiat world.
So the emphasis is on Improvement. Nothing scary
To be honest, Japan has always come across as a crypto-friendly country despite huge turbulence caused by incidents like the Mt. Gox hack. Japanese people are very lucky because of this! The exchanges should respect the requests of the regulator and stay compliant. I wished more countries were like Japan!