Regulators will be knocking on exchanges that have pending license applications to check their risk management systems.
Japan’s cryptocurrency traders are bracing for the oncoming Japanese tax season, which runs from February 16 until March 15.
Customers withdrew a total of JPY40.1B on Tuesday, the first day Coincheck allowed users to get their money out of the troubled exchange.
Macau-based Blockchain Laboratory runs ICOs for other companies as a means of raising capital for businesses on the blockchain.
To ensure that it has enough funds to pay back its customers, members of FSA paid a special visit to Coincheck’s Tokyo office on Friday.
Line currently sees over 168 million users monthly and is expected to leverage its customer numbers in launching its proposed cryptocurrency exchange.
The South Korea is considering adopting a joint regulatory approach that would create the first regional harmonization of laws surrounding cryptocurrencies.
Over 200 companies have signed up for the consortium, including internationally acclaimed technology institutions.