I'm almost certain we will see a top 25
crypto exchange fail or be shut down in the coming months.
The news first appeared on local news publication Nikkei who also said that if
the crypto exchange fails to pay attention to the notice, the agency might consider filing a criminal complaint.
Not exact matches
Despite controlling the third - largest
crypto market on the planet, Ripple has
failed to make its way on to coveted U.S.
exchanges.
The
exchange is
failing to cancel or process any order leading to major fiasco in the
crypto trading platform.
Only one type of cryptocurrency was stolen from Coincheck (it was NEM), and the
exchange had
failed to activate all security features offered by that
crypto.
The Internal Revenue Service recently won a court ruling forcing
crypto exchange Coinbase to hand over customer records from 2013 - 2015, saying it believed Coinbase customers were
failing to properly report gains when paying their taxes.
The authority said a new «policy principles» period will kick in for six months starting today wherein the chief executive of AUSTRAC will have the authority to take action against
crypto exchanges if the operator
fails to take «reasonable steps» to comply with the requirements.
Expect the imminent closures of other Japanese cryptocurrency
exchanges to attract far - reaching mainstream media coverage, and therefore, a spate of sell side pressure from «weak hands» who
fail to understand that the security issue troubling
crypto exchanges has nothing to do with the distributed ledger design underpinning blockchain technology used by Bitcoin.