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16 Exchanges Fully Licensed in Japan

“In total, 16 businesses are licensed to operate cryptocurrency exchanges in Japan.”

The Japanese Financial Services Agency has announced that it is inspecting all 32 cryptocurrency exchanges in Japan. This includes 16 exchanges that have not obtained a license but are currently under review by the agency and those that are already fully licensed.

The FSA first approved 11 exchanges in September of last year,then in early December, 5 companies were additionally approved to operate cryptocurrency exchanges. In total, 16 businesses are licensed to operate cryptocurrency exchanges in Japan.

The agency published this list of all exchanges in response to the hack of Coincheck, where 58 billion yen (~USD$530 million) worth of NEM were stolen last week.

Following the hack, the FSA issued a business improvement order to Coincheck and ordered it to submit a report by February 13 on the hack as well as measures for preventing a recurrence. 

According to Japanese Press, the FSA has ordered the internal inspections of all other cryptocurrency exchanges in Japan based on a checklist of 43 items. They are to submit reports of their risk management systems such as the details of their systems to manage customer assets and cyberattack countermeasures.

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