Japan isn’t risking another Coincheck-level slip-up.
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.
With BTC shooting past the $17,000 mark, this means Mt Gox’s bankruptcy status needs to be re-evaluated.