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Following in the wake of the latest hack on Bithumb, more bad news for crypto. Japan's financial regulator, Financial Services Agency (FSA), is demanding risk management overhaul centered on AML and KYC.
The latest round of “administrative penalties” for Japanese exchanges continues an FSA policy which began following Coincheck’s massive $530 million hack in January. In the intervening period, various other operators have received penalties or have closed altogether, like Bit Station and FSHO earlier in March. Coincheck itself received stringent supervisory measures before being sold to online broker Monex for the nominal sum of $33 million in April.
https://cointelegraph.com/news/japan-hits-6-more-crypto-exchanges-with-business-improvement-orders
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