Quote from: Lucius on February 03, 2018, 02:45:50 PM

Quote from: Terraformer on February 03, 2018, 11:14:20 AM

The Japanese Financial Services Agency has announced that it is inspecting all 32 cryptocurrency exchanges in Japan. This includes 16 exchanges that have not obtained a license but are currently under review by the agency and those that are already fully licensed.

16 Exchanges Fully Licensed

The Japanese Financial Services Agency (FSA) published a list on Friday of 32 cryptocurrency exchanges in Japan. This includes 16 exchanges that are already licensed and 16 other exchanges that have applied for a license and are currently under review.

The FSA first approved 11 exchanges in September of last year: Money Partners, Quoine, Bitflyer, Bit Bank, SBI Virtual Currencies, GMO Coin, Bittrade, Btcbox, Bitpoint, Fisco Virtual Currency, and Zaif.

Then in early December, 4 companies were additionally approved to operate cryptocurrency exchanges: Tokyo Bitcoin Exchange, Bit Arg Exchange Tokyo, FTT Corporation, and Xtheta Corporation. At the end of December, another exchange, Bitocean, was approved. In total, 16 businesses are licensed to operate cryptocurrency exchanges in Japan.

Continue reading >> https://news.bitcoin.com/japanese-financial-authority-inspecting-cryptocurrency-exchanges/

That is right. If they inspect the companies, it will give people more confidence.

This is certainly a commendable move by the Japanese FSA after hack of Coincheck(NEM).As stated in the article they are try determine is Coincheck financially capable to pay all users which are affected with this hack,but also to inspect all exchanges that operate in Japan.This is how things should be done,unlike what North Korea doing on solving their cryptocurrency problems.

Number of 32 exchanges is very impressive,there is no doubt that the number will increase even more.I think that the Japanese financial agencies will even more insist on security and insurance of customer funds.

Wefud

Posts

Merits