Mark Mason
Well-known member
Japan’s Financial Services Agency is Pushing Back Against Monero, Zcash, and Dash
The Japanese financial regulator, the Financial Services Agency, is taking active steps to discourage exchanges from listing Monero, Zcash, and Dash.
The FSA fears that criminals are using these cryptocurrencies in illegal acts because of their anonymity, and thus wants to discourage their use. Coincheck, which once handled all three cryptocurrencies, had applied to be registered with the FSA in September of 2017, in compliance with the new payment service laws. Coincheck was then hack on January 26, acquired by Monex, and then proceeded to drop all three cryptocurrencies once restarting normal operations. Reports indicated that Coincheck had dropped the three cryptocurrencies in order to demonstrate better complacence standards. After the hack, the FSA increased their inspection scrutiny and also said that dealing in Monero, Zcash, and Dash would be detrimental to gaining regulatory approval.
Read more: https://www.dashforcenews.com/japan...s-pushing-back-against-monero-zcash-and-dash/
The Japanese financial regulator, the Financial Services Agency, is taking active steps to discourage exchanges from listing Monero, Zcash, and Dash.
The FSA fears that criminals are using these cryptocurrencies in illegal acts because of their anonymity, and thus wants to discourage their use. Coincheck, which once handled all three cryptocurrencies, had applied to be registered with the FSA in September of 2017, in compliance with the new payment service laws. Coincheck was then hack on January 26, acquired by Monex, and then proceeded to drop all three cryptocurrencies once restarting normal operations. Reports indicated that Coincheck had dropped the three cryptocurrencies in order to demonstrate better complacence standards. After the hack, the FSA increased their inspection scrutiny and also said that dealing in Monero, Zcash, and Dash would be detrimental to gaining regulatory approval.
Read more: https://www.dashforcenews.com/japan...s-pushing-back-against-monero-zcash-and-dash/