 |
February 05, 2018, 10:31:17 AM |
|
Please don't just post links of the article along with the subject line, it makes no sense. Instead, always try to highlight is interesting parts of the article and then provide the link of the entire article makes sense. Just a little suggestion!
I remember, when Japan legalized the crypto currency in their country, CoinCheck was the first exchange which was provided with a license by Japan governments. Now that half a billion dollars have been hacked out of the exchange, it raises an alarm to the upper houses of the regulator, because it was public money. But this is not the end, hacker will try to hack more and more exchanges, so it makes complete sense to do a risk audit by any global risk management firm to all exchanges that are running currently, be it in Japan or in any other currency.
Also Alex mentioned few tips about the regulatory framework that can be implemented to provide a transparent and effective framework to the crypto community. That's an interesting read under the subject line, "how to regulate". Eventually every government will have to follow some or other regulatory framework to make sure they earn the taxes and people earn the money in a secure way. But the security matter seems to have taken a backseat. Now with the series of hacking incidents, I hope it will become more important to secure the investor's money. That's the main job of a regulator. I am sure Japan government will have to take another step to ensure the risk audit is done and properly managed. We are already going through a tough time, so the credibility of the crypto currencies need to be safeguarded.
|
