One of the largest cryptocurrency
exchanges in the country Coincheck has added Lisk on its list of traded currencies.
Not exact matches
A group of 16 cryptocurrency
exchanges in Japan have decided to create a self - regulating body
in the
country to safeguard investors following the massive
Coincheck hack last month that cost about $ 530 million, according to Reuters.
In the wake of a January heist to the tune of more than $ 500 million from the exchange Coincheck, Japan's financial watchdog, the Financial Services Agency (FSA), stepped up efforts to ensure that exchanges operate in compliance with the country's law
In the wake of a January heist to the tune of more than $ 500 million from the
exchange Coincheck, Japan's financial watchdog, the Financial Services Agency (FSA), stepped up efforts to ensure that
exchanges operate
in compliance with the country's law
in compliance with the
country's laws.
Coincheck, one of the largest cryptocurrency
exchanges in the
country got hacked.
The study was released
in an effort to bring more transparency to the
country's cryptocurrency space
in light of the recent
exchange hack of
Coincheck, where $ 530 million worth of cryptocurrency was stolen by hackers.
The aftermath of this hack and the desire to protect the rights of investors have determined the FSA to raid
Coincheck and then started reviewing the security measures of other cryptocurrency
exchanges that operate
in the
country.
This adds to three other
exchanges in the
country closing their doors after regulators stepped up oversight
in the wake of the late - January hack of Tokyo - based
Coincheck, where $ 530 million
in NEM tokens vanished.
Markets and Prices The team behind the troubled Japanese cryptocurrency
exchange Coincheck has decided to sell the company to one of the largest securities trading companies
in the
country.
Japanese authorities said on Monday they would investigate all cryptocurrency
exchanges in the
country for security gaps and ordered
Coincheck to raise its standards after hackers stole $ 530 million of digital money from the Tokyo - based
exchange.
Yesterday, $ 534 million worth of XEM, the native cryptocurrency of NEM, was announced as stolen from Japanese cryptocurrency
exchange Coincheck, one of the largest
in the
country.
Given that a hacker stole over $ 500 million
in cryptocurrency from the Tokyo based
exchange Coincheck, many
countries have decided to begin putting regulation into the market to help avoid this from happening even further.
The team behind the troubled Japanese cryptocurrency
exchange Coincheck has decided to sell the company to one of the largest securities trading companies
in the
country.
What happened at
Coincheck highlighted the risks of storing funds
in cryptocurrency
exchanges, and since then, Japan's FSA has taken strong measures to protect its citizens and ensure the security of cryptocurrency
exchanges across the
country.
Some 16
exchanges in the
country are currently registered, while another 16, including
Coincheck, have been allowed to continue operating unregistered while they apply for licences.
Following the
Coincheck breach, Japanese authorities announced on January 29, 2018, that they would investigate all cryptocurrency
exchanges in the
country for security gaps, and ordered
Coincheck to, essentially, get its act together.
The
country's financial regulator has increased its scrutiny of
exchanges and trading platforms following the $ 530 million hack of Tokyo - based
exchange Coincheck in late January.
One of 32
exchanges operating
in the
country,
Coincheck is notably not among the 16 operators registered with the regulator, under new legislation.
Prompted by the
Coincheck hack, Japanese authorities announced last Monday that they will be investigating all
exchanges in the
country for vulnerabilities
in their security system.
Opened
in 2012,
Coincheck is now one of the most popular cryptocurrency
exchanges in the
country.
Since $ 500 million of NEM was stolen from the
Coincheck exchange in January, Japan's Financial Services Authority (FSA) has vowed to improve standards
in the
country's cryptocurrency
exchanges.
It must be mentioned that
Coincheck is not registered with Japan's Financial Services Authority - a regulator responsible for overseeing
exchanges in the
country - unlike several other prominent cryptocurrency
exchanges, such as bitFlyer and Quoine.
Just recently the Japanese
exchange Coincheck announced they have become the first licensed
exchange in Japan after being approved by the
country's Finance Bureau Director.