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Japan to inspect more cryptocurrency exchanges soon, may expand probe, source says

  • Japan's financial regulator will conduct on-site inspections on several cryptocurrency exchange operators this week, a source with direct knowledge of the matter told Reuters.
The exchange rate of the NEM virtual currency against Japanese yen is seen on Coincheck's cryptocurrency wallet app on January 29, 2018
Tomohiro Ohsumi | Getty Images
The exchange rate of the NEM virtual currency against Japanese yen is seen on Coincheck's cryptocurrency wallet app on January 29, 2018

Japan's financial regulator will conduct on-site inspections on several cryptocurrency exchange operators this week and may further expand its probe to others, a source with direct knowledge of the matter told Reuters on Thursday.

Local media reported earlier that the Financial Services Agency (FSA) would target several operators for imminent on-site inspections after concluding they may be vulnerable to cyber-attacks.

The FSA declined to comment.