- cop policewoman colleagues funny 150x150 - Japan Regulators Crack Down on 15 Cryptocurrency Exchanges | Bank Innovation

It’s not surprising that the Japanese government tighten its grip on exchanges following a major hack a few weeks ago. Today, the Japanese government said it will start an inspection on 15 unlicensed exchanges.

In a briefing, Japan’s financial services minister Taro Aso said 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 after the cryptocurrency exchange lost 58 billion ($534 million) of NEM coins to hackers.

Read more on Coindesk and Japan Times.

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