Japan's financial watchdog is reportedly planning to force improvements at a number of licensed cryptocurrency exchanges over perceived issues with internal systems.
BitFlyer has vowed to strengthen its know-your-customer process for credibility
Coincheck is set to be relaunched by the Monex group. The broker purchased the organization for around $33.5 million.
Japanese Financial Services Agency has suspended two exchanges
GMO is already planning how to improve its systems after an order from FSA
Coincheck granted a new order to various organizations to halt their services. This is to initiate a new regulation and licensing system to protect the investors.
Coincheck, who suffered a theft of $530M in loss of the NEM cryptocurrency, promised to reimburse its customers. However, Coincheck Exchange hasn’t upheld its promise as report came up this week from the local Japanese news outlets that the…