Japanese regulators call on the cryptocurrency exchanges to improve the security of

Taro ASO (Taro Aso), the Minister of Finance of Japan, places high demands on the strengthening of internal systems, cybersecurity, after a case of theft of the token from the Tokyo stock exchange Coincheck.

In his remarks to reporters, ASO said about the need to strengthen control systems ciptofloxacin, and urged financial regulators «to adequately monitor» the implementation of conditions to protect consumers.

«On Friday uncontrolled access led to large-scale theft of cryptocurrency with Coincheck. FSA — financial services Agency, should exercise proper control over the work of cryptocurrency sites and to maintain an appropriate balance between the promotion of innovation and protection of customer cryptocurrency exchanges,» said Taro ASO.

The statement of the Minister of Finance followed the message the FSA, which announced the safety checks of all cryptocurrency exchanges Japan. Special measures to improve standards of cyber security, the regulator demanded that Coincheck.

The case of Coincheck has become one of the largest cybercrimes in the world and reminded about the increased risks associated with the cryptocurrency trade. Regulation of cryptocurrencies, apparently, will be included in the agenda of the meeting of Finance Ministers and Central bankers at the summit of «big twenty» in Argentina — said the chief representative of the Japan Finance Masatsugu of Asakawa (Masatsugu Asakawa).

For a detailed discussion of these issues, I urge the Finance Ministers of France and the United States, as well as ECB Executive Board member Benoit coeure (Benoît Cœuré).

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