Hello steemians. Here is a new update of cryptocurrency exchanger.
Currently there are reports of collapses in almost all cryptoscope markets around the world. The name of Japan has been heard for several days. Recently, Japan imposed a fine on three of the three cryptocarrency exchanges in their country. It is known that after ordering the trading platform, the order has been issued to suspend two operations.
FSHO, Eternal Link, and Lastroots- These three approved crypto platforms are referred to by the Japanese government in order to improve their business practices. Japan's financial regulatory body issued these orders to them. They were fined according to the Federal Services Authority (FSA) due to dissatisfaction with money laundering, due to inconvenience to the system's risk reduction.
Two trading platforms have been ordered by Japan's financial regulatory body to suspend operations for two months. FSH and April 4 and the internal link were issued on the same order on 6th April.
Lotterfatt received an order to improve his practice. Japan's finance minister ordered FSA to submit a complete investigation report.
Due to not taking adequate testing of large scale transactions, FSA did not take any necessary measures, in March last year, the two exchanges (Nagao-based bit station and again FSHO, which till 7 April) will stop service.
Japan's financial authorities published a list and there were 32 crypto currency exchanges registered and many of them were initially licensed to provide exchange services.
You can share your opinion to the decision taken by FSA in the comments box below.
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