Japan’s Government to Inspect 15 Crypto Exchanges Awaiting Certification

Japan’s financial services minister has said today that it plans to conduct on-site inspections of 15 cryptocurrency exchanges following the hack at Coincheck. Speaking at a news conference, Taro Aso, Japan’s financial services minister, said that the inspections would be looking at those that had filed for certification with regulatory authorities, reports the Japan Times.

The move comes after the hack at Tokyo-based digital currency exchange Coincheck, which saw the theft of $530 million worth of NEM last month. The exchange has since frozen its digital currency withdrawals services; however, it resumed its yen withdrawals on Tuesday.

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