Two Crypto Exchanges Suspended by Financial Regulator of Japan’s.

in cryptocurrency •  7 years ago  (edited)

Hello steemians. Here is a new update of cryptocurrency exchanger.

Currently there are reports of collapses in almost all cryptoscope markets around the world. The name of Japan has been heard for several days. Recently, Japan imposed a fine on three of the three cryptocarrency exchanges in their country. It is known that after ordering the trading platform, the order has been issued to suspend two operations.


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FSHO, Eternal Link, and Lastroots- These three approved crypto platforms are referred to by the Japanese government in order to improve their business practices. Japan's financial regulatory body issued these orders to them. They were fined according to the Federal Services Authority (FSA) due to dissatisfaction with money laundering, due to inconvenience to the system's risk reduction.

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Two trading platforms have been ordered by Japan's financial regulatory body to suspend operations for two months. FSH and April 4 and the internal link were issued on the same order on 6th April.
Lotterfatt received an order to improve his practice. Japan's finance minister ordered FSA to submit a complete investigation report.

Due to not taking adequate testing of large scale transactions, FSA did not take any necessary measures, in March last year, the two exchanges (Nagao-based bit station and again FSHO, which till 7 April) will stop service.

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Japan's financial authorities published a list and there were 32 crypto currency exchanges registered and many of them were initially licensed to provide exchange services.

You can share your opinion to the decision taken by FSA in the comments box below.

For more update about cryptocurrency you can keep checking my other post at 7blviciu.gif

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Bangladeshi government should take necessary steps also.

The Financial Services Agency in Japan has issued business improvement orders to seven cryptocurrency exchanges as it launches a belated crackdown in the wake of a $500m theft at one of the largest operators, Coincheck.

japan government do the right thing they should do. its a responsiblity to ensure all the security procedure.

People can learn lots from your post. your content of the post is so informative for us...
thanks a lot for sharing Crypto Exchanges updated news.

In the current world, the crypto currency market is very difficult, as well as the government of the country is taking necessary measures.

Thanks for your information about that...we know the latest update news about cryptocurrency and where its banned ...

Bitcoin is most popular exchange coin but many bad man make crime for that it will be a grea threat

that information help us ..............thank you for your such a nice topic

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It's so sad for the crypto currency users