Bitcoin Forum
November 20, 2019, 07:19:50 PM *
News: 10th anniversary art contest
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: suspended work  (Read 81 times)
simple999
Newbie
*
Offline Offline

Activity: 69
Merit: 0


View Profile
March 08, 2018, 04:30:56 PM
 #1

The Agency of Financial Services of Japan suspended the work of two crypto-exchange exchanges - FSHO and Bit Station.
The regulator required the platforms to improve their internal security systems. In addition, the Agency has ordered five more stock exchanges - Tech Bureau, GMO Coin, Bicrements, Mr. Exchange and Coincheck - to provide by March 22 a plan to improve security.
Recall, in February it became known that the Financial Services Agency of Japan will check 32 local crypto-exchange exchanges for compliance with all standards relating to security systems.
1574277590
Hero Member
*
Offline Offline

Posts: 1574277590

View Profile Personal Message (Offline)

Ignore
1574277590
Reply with quote  #2

1574277590
Report to moderator
The Bitcoin Forum is turning 10 years old! Join the community in sharing and exploring the notable posts made over the years.
jmlona
Member
**
Offline Offline

Activity: 280
Merit: 16


View Profile
March 08, 2018, 04:42:11 PM
 #2

The Agency of Financial Services of Japan suspended the work of two crypto-exchange exchanges - FSHO and Bit Station.
The regulator required the platforms to improve their internal security systems. In addition, the Agency has ordered five more stock exchanges - Tech Bureau, GMO Coin, Bicrements, Mr. Exchange and Coincheck - to provide by March 22 a plan to improve security.
Recall, in February it became known that the Financial Services Agency of Japan will check 32 local crypto-exchange exchanges for compliance with all standards relating to security systems.


These are the types of moves that I think we need to say from regulators across the whole of the world. As we saw with Binance yesterday, no exchange is safe from being targeted and strict and proper security measures not to be put in to place to protect customers funds. It's funny how I saw some news outlets reporting this negatively when really it is Japan taking steps to strengthen and improve the cryptocurrency market.

CRYPTFUNDER.IO ▼ Disruptive Funding for Startup ICOs
Join Our ICO Now!  ≡  Whitepaper | One Pager
Twitter   Facebook    Youtube    Medium    Telegram    ANN Thread
MMostaza
Member
**
Offline Offline

Activity: 88
Merit: 10


View Profile
March 09, 2018, 02:04:11 PM
 #3

The Agency of Financial Services of Japan suspended the work of two crypto-exchange exchanges - FSHO and Bit Station.
The regulator required the platforms to improve their internal security systems. In addition, the Agency has ordered five more stock exchanges - Tech Bureau, GMO Coin, Bicrements, Mr. Exchange and Coincheck - to provide by March 22 a plan to improve security.
Recall, in February it became known that the Financial Services Agency of Japan will check 32 local crypto-exchange exchanges for compliance with all standards relating to security systems.


These are the types of moves that I think we need to say from regulators across the whole of the world. As we saw with Binance yesterday, no exchange is safe from being targeted and strict and proper security measures not to be put in to place to protect customers funds. It's funny how I saw some news outlets reporting this negatively when really it is Japan taking steps to strengthen and improve the cryptocurrency market.

Totally agree with you. What FSA is doing is a great step for cryptocurrency interests, and it is what lots of us were claiming for a long time: regulation.

Let’s say that you have different cryptocurrency exchanges to choose. If you know that FSA is controlling to make sure that they are safe, which one are you going to use? the one that FSA is shutting down or the one that they give the approval? Continuing with that. If the cryptocurrency exchanges experience that they are losing users because public is not trusting them, then they will start to apply good practices so the public return to them.

This article explains that hipotesis in a very clear and simple way:

https://www.forbes.com/sites/adelsteinjake/2018/03/08/japan-shuts-down-two-cryptocurrency-exchanges-but-it-may-be-good-news-for-the-industry/#5dce9d67359d


arpon11
Sr. Member
****
Offline Offline

Activity: 882
Merit: 282



View Profile
March 09, 2018, 02:51:33 PM
 #4

This is another attack on cryptocurrency and Japan was one of the country that was dispose to cryptocurrencies and attacking it . Bitcoin has been favour by Japanese traders and  and the government of Japan has done well in their economic because of acceptability of bitcoin and blockchain technology which has helped in the growth of bitcoin and cryptocurrency and we should see this as a pure attack.
jmlona
Member
**
Offline Offline

Activity: 280
Merit: 16


View Profile
March 09, 2018, 04:06:04 PM
 #5

The Agency of Financial Services of Japan suspended the work of two crypto-exchange exchanges - FSHO and Bit Station.
The regulator required the platforms to improve their internal security systems. In addition, the Agency has ordered five more stock exchanges - Tech Bureau, GMO Coin, Bicrements, Mr. Exchange and Coincheck - to provide by March 22 a plan to improve security.
Recall, in February it became known that the Financial Services Agency of Japan will check 32 local crypto-exchange exchanges for compliance with all standards relating to security systems.


These are the types of moves that I think we need to say from regulators across the whole of the world. As we saw with Binance yesterday, no exchange is safe from being targeted and strict and proper security measures not to be put in to place to protect customers funds. It's funny how I saw some news outlets reporting this negatively when really it is Japan taking steps to strengthen and improve the cryptocurrency market.

Totally agree with you. What FSA is doing is a great step for cryptocurrency interests, and it is what lots of us were claiming for a long time: regulation.

Let’s say that you have different cryptocurrency exchanges to choose. If you know that FSA is controlling to make sure that they are safe, which one are you going to use? the one that FSA is shutting down or the one that they give the approval? Continuing with that. If the cryptocurrency exchanges experience that they are losing users because public is not trusting them, then they will start to apply good practices so the public return to them.

This article explains that hipotesis in a very clear and simple way:

https://www.forbes.com/sites/adelsteinjake/2018/03/08/japan-shuts-down-two-cryptocurrency-exchanges-but-it-may-be-good-news-for-the-industry/#5dce9d67359d



Exactly right and these current moves by Japan are not even ones that harm users in any way. They're not moves for stricter regulation in terms of KYC or AML, they are simply around security of the exchange. Once we pass through these difficult times in the next year or so of tougher regulation coming in to place the whole crypto market will be stronger and can grow off a strong and secure platform.

CRYPTFUNDER.IO ▼ Disruptive Funding for Startup ICOs
Join Our ICO Now!  ≡  Whitepaper | One Pager
Twitter   Facebook    Youtube    Medium    Telegram    ANN Thread
adrov
Member
**
Offline Offline

Activity: 171
Merit: 10


View Profile
March 09, 2018, 04:31:21 PM
 #6

The Agency of Financial Services of Japan suspended the work of two crypto-exchange exchanges - FSHO and Bit Station.
The regulator required the platforms to improve their internal security systems. In addition, the Agency has ordered five more stock exchanges - Tech Bureau, GMO Coin, Bicrements, Mr. Exchange and Coincheck - to provide by March 22 a plan to improve security.
Recall, in February it became known that the Financial Services Agency of Japan will check 32 local crypto-exchange exchanges for compliance with all standards relating to security systems.


These are the types of moves that I think we need to say from regulators across the whole of the world. As we saw with Binance yesterday, no exchange is safe from being targeted and strict and proper security measures not to be put in to place to protect customers funds. It's funny how I saw some news outlets reporting this negatively when really it is Japan taking steps to strengthen and improve the cryptocurrency market.

Totally agree with you. What FSA is doing is a great step for cryptocurrency interests, and it is what lots of us were claiming for a long time: regulation.

Let’s say that you have different cryptocurrency exchanges to choose. If you know that FSA is controlling to make sure that they are safe, which one are you going to use? the one that FSA is shutting down or the one that they give the approval? Continuing with that. If the cryptocurrency exchanges experience that they are losing users because public is not trusting them, then they will start to apply good practices so the public return to them.

This article explains that hipotesis in a very clear and simple way:

https://www.forbes.com/sites/adelsteinjake/2018/03/08/japan-shuts-down-two-cryptocurrency-exchanges-but-it-may-be-good-news-for-the-industry/#5dce9d67359d



Exactly right and these current moves by Japan are not even ones that harm users in any way. They're not moves for stricter regulation in terms of KYC or AML, they are simply around security of the exchange. Once we pass through these difficult times in the next year or so of tougher regulation coming in to place the whole crypto market will be stronger and can grow off a strong and secure platform.

There is currently lot of FUD. It's all none sense though.

For example few days ago SEC (USA) said same, they want MORE security / regulation, they're not banning / shutting down anything... But crypto news websites and what not said it's end of crypto... HAHA and weak hands selling off like mad (easy money btw, thanks).

vasrasus
Hero Member
*****
Offline Offline

Activity: 950
Merit: 500


Bcnex - The Ultimate Blockchain Trading Platform


View Profile
March 09, 2018, 04:57:54 PM
 #7

This is another attack on cryptocurrency and Japan was one of the country that was dispose to cryptocurrencies and attacking it . Bitcoin has been favour by Japanese traders and  and the government of Japan has done well in their economic because of acceptability of bitcoin and blockchain technology which has helped in the growth of bitcoin and cryptocurrency and we should see this as a pure attack.
Whenever news and fuss occurs, I just think of it that those people just want to make btc drops so they will be able to buy some of it, and to be able to join the party. Everyone regrets not buying it before.

           ▄▄▄█████▄▄▄
       ▄████████▀████████▄
    ▄█████████▀   ▀█████████▄
   ████   ▄█▀       ▀█▄   ████
  █████ ▄▀    ▄▄▄▄▄    ▀▄ █████
 ██████▀   ▄███▀▀▀███▄   ▀██████
▐████▀    ██▀       ▀██    ▀████▌
████     ▐██         ██▌     ████
▐████▄    ██▄       ▄██    ▄████▌
 ██████▄   ▀███▄▄▄███▀   ▄██████
  █████ ▀▄    ▀▀▀▀▀    ▄▀ █████
   ████   ▀█▄       ▄█▀   ████
    ▀█████████▄   ▄█████████▀
       ▀████████▄████████▀
           ▀▀▀█████▀▀▀
.Bcnex.The Ultimate   ───2 Millions Orders/s───
Blockchain Trading Platform
..Follow us:..

                          ▄▄▄
                    ▄▄▄██████
              ▄▄▄█████▀▀████▌
        ▄▄▄████████▀ ▄██████
  ▄▄▄██████████▀▀  ▄███████▌
▀███████████▀   ▄██████████
   ▀▀▀███▀    ▄███████████▌
        █▌  ██████████████
        ▐█ ██████████████▌
         █████▀ ▀████████
          ██▀      ▀████▌
                      ▀▀

             ▄████▄▄   ▄
█▄          ██████████▀▄
███        ███████████▀
▐████▄     ██████████▌
▄▄██████▄▄▄▄█████████▌
▀████████████████████
  ▀█████████████████
  ▄▄███████████████
   ▀█████████████▀
    ▄▄█████████▀
▀▀██████████▀
    ▀▀▀▀▀

||
LINKEDIN
MEDIUM
REDDIT


  ▸  BUY NOW  ◂   
butcherme
Member
**
Offline Offline

Activity: 277
Merit: 18


View Profile
March 09, 2018, 05:10:57 PM
 #8

I really think that in terms of cryptocurrency and technology, even thought they just started adapting it lately, Japan is one of the fastest country to ever adopt and cope-up in terms of cryptocurrency. Everyone is aware that technology is one of Japan's specialty. And the last incident of exchange hacking that happened in their country forced them to do this steps. I really think that other countries should follow Japan and their ways of handling cryptocurrency.

▬▬▬   EPIC CASH   |   EPIC PRIVATE INTERNET CASH   🌐      E      P      I      C      ▬▬▬
▐▐▐▐      Whitepaper  |  ANN  |  Twitter  |  Facebook  |  Discord  |  Telegram      ▌▌▌▌
>>>> >>>>>>      Epic Private Internet Cash Coming July 14th, 2019      <<<<<< <<<<
liseff3
Sr. Member
****
Offline Offline

Activity: 532
Merit: 255



View Profile
March 09, 2018, 06:02:16 PM
 #9

What the Japanese government is doing is the right and wise move it must be done to anticipate the occurrence of something undesirable such as hacker attacks that often attack the crypto-exchange exchanges.

The Agency of Financial Services of Japan suspended the work of two crypto-exchange exchanges - FSHO and Bit Station.

This action may at least affect the market price of crypto but we must believe the Japanese government will do its best to resolve all these issues and this is not a FUD.
dothebeats
Legendary
*
Offline Offline

Activity: 2016
Merit: 1142



View Profile
March 09, 2018, 10:09:33 PM
 #10

This is a great move since it's inclined towards the betterment of services dealing with crypto and money. Thumbs up for the Japanese government on forcing these exchanges to improve security or just halt the operation. You can see that the Japs are really dedicated into getting crypto a positive thing on their country that's why their regulations are always in favor of the users and for an overall satisfying (and safe) experience for the traders and users alike.

███████████████████████████
█████████▀▄▄▄▄▄██▀▀████████
█████▀▄█▀▀▄▄▄▄▄▄▄▀▀▄▄▀█████
████ █▀▄███████████▄▀██████
███▄█ ███████▀ ██████ █ ███
██▀█ ███  ▀▀█  ▀██████ █ ██
██ █ ████▄▄      ▀▀▀██ █ ██
██ █ █████▌        ▄██ ████
███▄█ █████▄▄   ▄▄███ █▀███

████▀█▄▀█████▌  ▀██▀▄█ ████

█████▄▀▀▄▄▀▀▀▀   ▄▄█▀▄█████
████████▄██▀▀▀▀▀▀██████████

███████████████████████████
|▄█████████████████████████▄
███████████████████████████
████████▀▀▄▄▄▄▄▄▄▀▀████████
██████▀▄▀▀██░░░██▀▀▄▀██████
█████░██▄░░▄▄▄▄▄░░▄██░█████
████░█▀▀░▄██▄▄▄██▄░▀░█░████
████░█▄▄░█░█░░░█░█░▄▄█░████
████░██▀░▀██▀▀▀██▀░▀▀█░████
█████░█░▄▄░▀▀▀▀▀░▄▄░█░█████
██████▄▀██░░▄██░░██▀▄██████
████████▄▄▀▀▀▀▀▀▀▄▄████████
███████████████████████████
▀█████████████████████████▀
▄█████████████████████████▄
███████████████████▀█▀░█▀▄█
████████████████████░░░░░▀▄
████▄▄▄▀██████████▄▄░░░░░░▀
███████▀▄░▀▄░░▀▀███▄█░░░░░█
██████▀▄▄▄▀░░░░░░░▀█▄█░█▄█▄
█████▀░░░░░▀▀▀░░░▀▄▀███████
█████░░░░█░███░█░░█░███████
█████▄░░░▀░▀▀▀░▀░▄▀▄███████
██████▄░░░░▀▀▀░▄▄▀▄████████
████████▄▄░░░░▀▄▄██████████
███████████████████████████
▀█████████████████████████▀
▄█████████████████████████▄
█████████████▐░░░░█████████
█████████████▐▄▄▄▄█████████
██████▀█▀███▀▀▀███▀█▀██████
███████▄▀▄▀▀░█░▀▀▄▀▄███████
█████████▀▀█▀▀▀█▀▀█████████
████████░█▀▀▀█▀▀▀█░████████
███████░█▀▀█▀▀▀█▀▀█░███████
██████░█▀▀▀█░░░█▀▀▀█░██████
█████░█▀▀█▀▀▀█▀▀▀█▀▀█░█████
████░█▀█▀▀▀█▀▀▀█▀▀▀█▀█░████
███████████████████████████
▀█████████████████████████▀
▄█████████████████████████▄
███████████████████████████
███████████████████████████
█████████▀▀▀███████████████
█████▀▀░░▄▄░░░▄████████████
█████▀▄░▀░▄▄▀▀░░▀▄░▄▀██████
█████░░▀█▀░░▀▀░▄░█▄▄▄▄█████
█████▌▀▄▐▌░█░▀░▀░█░░░░█████
██████▄░░█░░░▀▀░▄▀░▀░██████
████████▄▐▌░▄▄█████████████
███████████████████████████
███████████████████████████
▀█████████████████████████▀
▄█████████████████████████▄
████████████████████▀▀▀░███
████████████████▄░░░░░░░███
█████████████████▀░░░░░▐███
███████████████▀░░░░▄▄░████
█████████████▀░░░░▄████████
██████████▀▀░░░▄███████████
███████▀░░░▄▄██████████████
███▀▀▄▄▄███████▀▀▀▀▀███████
███████▀▀▀▀▀█░░░░░░░░▀█████
██▀▀▀▀░░░░░▄░░░░░░░░░▄░░▀▀█
░░▄░░░░▀▄░░█▄░░░▄▀░▄█░░░░░░
▀▄░▀█▄▄███▄███▄██▄███▄▄▀░▄▀
|ROULETTE
MINES
TOWERS
DICE
CRASH
──── ─── ─
jmlona
Member
**
Offline Offline

Activity: 280
Merit: 16


View Profile
March 10, 2018, 06:35:30 PM
 #11

The Agency of Financial Services of Japan suspended the work of two crypto-exchange exchanges - FSHO and Bit Station.
The regulator required the platforms to improve their internal security systems. In addition, the Agency has ordered five more stock exchanges - Tech Bureau, GMO Coin, Bicrements, Mr. Exchange and Coincheck - to provide by March 22 a plan to improve security.
Recall, in February it became known that the Financial Services Agency of Japan will check 32 local crypto-exchange exchanges for compliance with all standards relating to security systems.


These are the types of moves that I think we need to say from regulators across the whole of the world. As we saw with Binance yesterday, no exchange is safe from being targeted and strict and proper security measures not to be put in to place to protect customers funds. It's funny how I saw some news outlets reporting this negatively when really it is Japan taking steps to strengthen and improve the cryptocurrency market.

Totally agree with you. What FSA is doing is a great step for cryptocurrency interests, and it is what lots of us were claiming for a long time: regulation.

Let’s say that you have different cryptocurrency exchanges to choose. If you know that FSA is controlling to make sure that they are safe, which one are you going to use? the one that FSA is shutting down or the one that they give the approval? Continuing with that. If the cryptocurrency exchanges experience that they are losing users because public is not trusting them, then they will start to apply good practices so the public return to them.

This article explains that hipotesis in a very clear and simple way:

https://www.forbes.com/sites/adelsteinjake/2018/03/08/japan-shuts-down-two-cryptocurrency-exchanges-but-it-may-be-good-news-for-the-industry/#5dce9d67359d



Exactly right and these current moves by Japan are not even ones that harm users in any way. They're not moves for stricter regulation in terms of KYC or AML, they are simply around security of the exchange. Once we pass through these difficult times in the next year or so of tougher regulation coming in to place the whole crypto market will be stronger and can grow off a strong and secure platform.

There is currently lot of FUD. It's all none sense though.

For example few days ago SEC (USA) said same, they want MORE security / regulation, they're not banning / shutting down anything... But crypto news websites and what not said it's end of crypto... HAHA and weak hands selling off like mad (easy money btw, thanks).

The SEC news is a little different in its nature. It means stricter controls for people looking to buy and sell cryptocurrency which many see as being a move towards more centralization. The Japan news is not related to trading and regulation around that, it is just ensuring that the exchanges are well protected so that funds are safe.

CRYPTFUNDER.IO ▼ Disruptive Funding for Startup ICOs
Join Our ICO Now!  ≡  Whitepaper | One Pager
Twitter   Facebook    Youtube    Medium    Telegram    ANN Thread
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!