Japan’s FSA ordered all crypto exchanges to submit report on system risk management

Dhwani Mehta FXStreet

Japan’s Financial Regulator, Financial Services Agency (FSA), came out with a brief statement on Friday, asking all cryptocurrency exchanges to report on system risk management.

Key Points:

Said it ordered all cryptocurrency exchanges to submit a report on system risk management.

Says order was given to 31 exchanges, not including Coincheck.

Says paying attention to Coincheck's financial conditions.

Says to monitor via on-site probe coincheck's handling of customer compensation and resumption of operations.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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