Japan has also been a crypto-forward and friendly country, but it seems Japan’s top financial regulator is putting its foot down on cryptocurrency exchanges. Just this morning, the Financial Services Agency (FSA) issued six new business improvements to the list of 16 cryptocurrency exchanges it previously approved.
The list of Japenese crypto exchanges receiving administrative punishment include:
Bit Point Japan
>> Bithumb Hack
bitFlyer In Hot Water
Among the list is Japan’s largest cryptocurrency exchange by trade volume, bitFlyer.