The FSA said it ordered Coincheck to submit an incident report and measures for preventing a recurrence by Feb. 13. The FSA has registered 16 cryptocurrency exchanges so far, and another 16 or so are still awaiting clearance. Crypto-currency related shares mostly rose in Tokyo, with GMO Internet, which offers cryptocurrency exchange service, gaining 5.7 percent. More recently, South Korean cryptocurrency exchange Youbit last month shut down and filed for bankruptcy after being hacked twice last year. But Japan has taken a different tack, becoming last year the first country to introduce national-level regulation of cryptocurrency exchanges.

Source: Egypt Independent January 29, 2018 06:45 UTC