Japanese financial regulator introduces more strict rules for cryptocurrency exchanges, including obligatory security measures, AML, KYC, and anonymous cryptocurrencies delisting starting from June. The Financial Services Agency of Japan (FSA) tightened the rules for cryptocurrency exchanges.
The main aim is to prevent situations similar to that of hacked in January Coincheck, Nikkei reports citing anonymous official from the FSA. Under the new rules, exchange registration process will include not only the filing of necessary documents, but also the FSA's direct visits to exchanges' headquarters for inspections. Trading platforms, wishing to obtain Japanese license as cryptocurrency trading services operators, will have to meet five criteria:
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