It’s not surprising that the Japanese government tighten its grip on cryptocurrency exchanges following a major hack a few weeks ago. Today, the Japanese government said it will start an inspection on 15 unlicensed cryptocurrency exchanges.
In a news briefing, Japan’s financial services minister Taro Aso said regulators will investigate the 15 exchanges that have filed for licenses but have not yet been approved.
Last month, the Financial Services Agency (FSA) ordered an inspection of Tokyo.-based cryptocurrency exchange Coincheck and ordered improvements to its operations. That investigation came a week after the cryptocurrency exchange lost 58 billion ($534 million) of NEM coins to hackers.