Japanese financial giant SBI Holdings announced a new investment in the local cryptocurrency exchange platform LastRoots, which is currently in a “frozen” state.

LastRoots was forced to suspend its work after the January burglary of the exchange Coincheck and the subsequent response of the regulators. Japanese financial services Agency (FSA) decided to change the business processes LastRoots in order to protect users from theft.

The amount of investment SBI is not reported, but this is the second investment in a troubled area. The first took place in December 2017.

“We are preparing to strengthen our team before the registration of a business in the exchange of virtual currencies” — note the representatives of the financial giant.

In addition, SBI Holdings will help the exchange platform with the requirements of the regulator and will provide its own top managers to accelerate this process.

“They will strengthen the management system and support process of registration of the cryptocurrency exchanges as well as contribute to business growth”, — reported in a press release.

We will remind, recently the FSA has decided that it is necessary to toughen requirements for new cryptocurrency platforms.

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