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Japan FSA Improvement Orders - BTC AI/ML Signal

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Japans financial regulator, the Financial Services Agency (FSA), has issued business improvement orders to six of the country’s cryptocurrency exchanges. The following exchanges received the improvement orders: Bitflyer, Tech Bureau, Bitpoint Japan, Btcbox, Bitbank and Quoine. Bitflyer is Japan’s largest cryptocurrency exchange by volume. The orders mentioned that “an effective management system has not been established to ensure proper and reliable operations of the business, as well as countermeasures against money laundering and terrorist financing”. Upon receiving this news, Bitflyer has stopped accepting new accounts.

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