Two more Japanese cryptocurrency platforms can cease their operations. Tokyo GateWay and Fukuoka-based Mr. Exchange have withdrawn their applications to register with Japan's Financial Services Agency (FSA) as exchange operators, Nikkei reports
As the reports says, the platforms’ representatives haven’t yet made any official statements. At the same time, Mr. Exchange announced on March 8 that it had received an order to improve its data security and other safeguards, following Coincheck hack in late January that resulted in the theft of more than $530 million in NEM tokens
According to Nikkei, the exchanges won’t stop operating until they return the clients' cash and cryptocurrency holdings.
It should be noted, in early March, the FSA ordered to suspend the operations of two other Japanese cryptocurrency exchanges, FSHO и Bit Station. As a reason, it was also stated the insufficient internal security. Besides, Bit Station, following Raimu and bitExpress, has withdrawn its application to register.
In addition, the article states that more platforms are expected to follow, as the FSA has suggested several exchanges voluntarily close before officially ordering them to do so.