Japan’s financial regulator ordered further improvements at embattled cryptocurrency exchange Coincheck Inc. and penalized six others, including one operated by publicly listed GMO Internet Inc.
The Financial Services Agency told Coincheck to revise its management structure, improve anti-money laundering procedures and submit a report by March 22. Two exchanges — FSHO and bit station — were instructed to halt operations for a month, the agency said at a briefing in Tokyo Thursday. The other exchanges facing penalties are GMO Internet’s GMO Coin, Tech Bureau Corp.’s Zaif, Bicrements and Mr. Exchange.
