June 22, Japan’s largest cryptocurrency exchange BitFlyer announced that it would suspend creating new accounts: regulators ordered it to raise its security and governance.
Japanese financial services Agency (FSA) found problems in the security system BitFlyer, including those associated with preventing unauthorized access, money-laundering and the financing of terrorism. The Agency said that bitFlyer is a priority to reduce costs and to ensure the security of lack of control over operations.
On its website, bitFlyer announced that both managers and employees “aware of the essence of the problem” pointed out by the regulator.
The FSA also instructed to take such measures, five other cryptocurrency exchanges, including the Tech Bureau Corp.
It should be noted that Japan is the friendly policy towards cryptocurrency. Last year, the government adopted bitcoin as a legitimate method of payment of goods and services, thus helping the development of digital currencies in the country. According to the newspaper Coinhills, from 66 to 75% of trading bitcoins is happening in the world against the Japanese yen.
However, the FSA began a more active struggle for safety after in January, hackers have robbed the Japanese exchange Coincheck, giving about $530 million in cryptocurrency NEM (XEM).