Six cryptocurrency exchanges have been sent business improvement orders by Japan 's financial regulator. FSA has called for a risk management overhaul, focused on anti-money laundering and know-your-customer requirements, from BTC Box , Bit bank, bitFlyer , Quoine , Tech Bureau and Quoine . BitFlyer , the world's 23rd largest exchange by trade volume, has already started taking remedial measures in response to the order. “We apologize to all concerned and the customers who have caused a great deal of worry and inconvenience due to this business improvement order,” officials stated. The FSA policy of "administrative penalties" for Japan 's crypto-exchanges started after bitFlyer 's $530m hack April .
Six cryptocurrency exchanges have been sent business improvement orders by Japan 's financial regulator. FSA has called for a risk management overhaul, focused on anti-money laundering and know-your-customer requirements, from BTC Box , Bit bank, bitFlyer , Quoine , Tech Bureau and Quoine . BitFlyer , the world's 23rd largest exchange by trade volume, has already started taking remedial measures in response to the order. The FSA policy of "administrative penalties" for Japan 's crypto-exchanges started after bitFlyer 's $530m hack April .