Two Japanese Bitcoin Exchanges Choose The Shutdown Over Regulation Compliance

Japan’s financial services continue to cultivate the countries cryptocurrency exchange industry today as two exchange owners announce their closing on March 28 according to Nikkei.

The Financial Services Authority (FSA) challenge exchanges to prove the security credentials due to an incident that involved Coincheck’s $530 million hack in January.

As a result of these inspections, several exchange operators have opted to halt their services to the Japanese market. Before closure, Mr. Exchange and Tokyo GateWay were in the process of securing a license which was introduced to them by Japan in April 2017.

In the meantime, the FSA continues to release new market players to the Japanese consumers with over 16 exchanges....read the full story here