How Japan handles crypto exchanges differently

How Japan handles crypto exchanges differently

From axios.com

Japan's crypto exchanges have different rules than exchanges in other parts of the world. Why it matters: FTX Japan, by all reports, didn't come up short on customer funds, and that could be attributed to the more stringent laws in place for how exchanges in Japan operate. Flashback: In 2018, Japanese crypto exchange Coincheck had hundreds of millions of dollars worth of the NEM cryptocurrency stolen. • This followed one of the other most notorious hacks in crypto history, Mt. Gox, which was also based in Japan. A comparable amount had been stolen from that bitcoin-only exchange in 2014. The legacy of those ... (full story)

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