The FSA has been performing surprise visits and checks to crypto exchanges to make sure that the exchanges have taken necessary security measures in order to protect the investor's money. (cryptotimes.news)
The KCSC provided the eight exchanges a 30 - day deadline to implement necessary security measures and systems to prevent the theft of user information, account data, and funds. (cryptotimes.news)
After the recent hack of Japanese exchange «Coincheck» which reported $ 500 million of investor's funds being stolen, the Japan financial watchdog — The Financial Service Agency (FSA) is seen performing on - site checks to make sure that the exchanges are following all the anti-money laundering rules and taking necessary security measures at their end. (cryptotimes.news)