Japan s biggest cryptocurrency exchange suspends new registrations amidst regulatory clampdown

Get the Full StoryGovernments all across the world are tightening the strings on cryptocurrency businesses and the latest one to get in trouble is Japanese cryptocurrency exchange desk bitFlyer. Following a regulatory clampdown in the country, bitFlyer has been forced to close new user registrations on its platform. The existing users will also have to undergo the know-your-customer KYC procedure again. The company was served with a business improvement order by Japan s Financial Services Agency FSA along with five other exchanges on Tuesday, Nikkei reported. The other targeted exchange operators include Bitbank, BITPoint Japan and BtcBox. The regulatory body found the security measures taken… This story continues at The Next Web

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