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Author Topic: [27-04-2018] FSA Slams Another Crypto Exchange with Business Improvement Order  (Read 36 times)
bitzamp.com
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April 27, 2018, 02:18:02 PM
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The Japanese financial Services Agency (FSA) has slammed yet another cryptocurrency exchange with a business improvement order for its non-compliance to the Japanese law. On Wednesday, the Tokyo-based cryptocurrency trading platform, Everybody’s Bitcoin Inc. received an official warning from the FSA, impelling them to improve on the standards of their business operation. According to the

Read More: https://news.bitzamp.com/fsa-slams-another-crypto-exchange-with-business-improvement-order/
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May 02, 2018, 12:18:54 AM
 #2

The Japanese financial Services Agency (FSA) has slammed yet another cryptocurrency exchange with a business improvement order for its non-compliance to the Japanese law. On Wednesday, the Tokyo-based cryptocurrency trading platform, Everybody’s Bitcoin Inc. received an official warning from the FSA, impelling them to improve on the standards of their business operation. According to the

Read More: https://news.bitzamp.com/fsa-slams-another-crypto-exchange-with-business-improvement-order/

The good news? At least the Japanese are stil allowing exchanges to exsist. 
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May 02, 2018, 01:27:26 AM
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This is good news. I predict, in 5 years, that the best cryptocoin exchanges will be operating from Japan because of their stricter laws and their higher standards. I remember when I was a kid I used to love toys that were made in Japan, but not the toys that were made in China hehehe.

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..WHITEPAPER..





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Kemarit
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May 02, 2018, 07:30:21 AM
 #4

This is good news. I predict, in 5 years, that the best cryptocoin exchanges will be operating from Japan because of their stricter laws and their higher standards. I remember when I was a kid I used to love toys that were made in Japan, but not the toys that were made in China hehehe.

LOL. Are in the Voltes V era or Mazinger Z hehehe (Damn I'm exposing my age here).  Grin Grin Grin

That's one thing you really love about the Japanese people though, they really have the discipline in doing their job.

Quote
The order follows an on-site inspection by the Kanto Local Finance Bureau (a regional department of Japan’s Ministry of Finance) after the exchange submitted its system risk management report to the FSA.

That was an on-site inspection. Meaning they physically went there sit with the CEO or whatever who is managing the company and ask them to open their books and document so that everything is complaint. If that is a different government, they will just ask the company to submit the documents, in which they can possibly alter it so that it will look likes it government compliant.

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May 09, 2018, 10:47:34 AM
 #5

This is good news. I predict, in 5 years, that the best cryptocoin exchanges will be operating from Japan because of their stricter laws and their higher standards. I remember when I was a kid I used to love toys that were made in Japan, but not the toys that were made in China hehehe.

The best toys are made from your own natural recources found in your own local community.

Quote
FSA Slams Another Crypto Exchange with Business Improvement Order

I am amazed by the variety of laws and regulations in so many countries. Should the UN take over BTC?  Roll Eyes
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