Japan’s finance minister has called on cryptocurrency exchanges to strengthen their cybersecurity posture and standards following the $530 million hack of XEM tokens from Tokyo-based exchange Coincheck.
(Japanese Finance MInister Taro Aso)
Speaking to reporters after a cabinet meeting on Tuesday, Japanese finance minister Taro Aso demanded the strengthening of management systems at domestic cryptocurrency exchanges while urging regulators to “appropriately monitor” the ecosystem to protect consumers.
“It was a matter of great regret that illicit access caused a massive cryptocurrency outflow from Coincheck on Friday,” Aso told reporters, as reported by Reuters.
Read more @(https://www.ccn.com/japans-finance-minister-tells-cryptocurrency-exchanges-toughen/)
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