Just following up with a little more on the earlier headlines re Japan's financial regulator has announced punishments for cryptocurrency exchanges
Japan FSA:
- issues business improvement order to Coincheck and six other exchanges
- Suspends business at Bit station and FSHO for one month starting march 8
- Coincheck lacks proper internal control system for risks such as money laundering and terrorism financing
- says Coincheck will announce details of how to reimburse stolen NEM later today
- Bit station and two other provisionally permitted exchanges have dropped application for authorised exchanges
- have confirmed Coincheck's funding for reimbursement
- supervisory policy remains unchanged to keep balance between consumer protection and promotion of innovation
more to come
And, JiJi press reports Coincheck will hold a new conference at 0700GMT
