The Japanese Financial Services Agency (FSA) sent “punishment notices” to seven crypto exchanges.


  • BitStation, accused of diverting customers’ Bitcoins for personal use, was ordered to shut down in one month.
  • Crypto exchange, FSHO, has also been ordered to cease operations in one month.
  • Following Coincheck’s $500 million NEM hack, all crypto exchanges are now required to submit reports detailing their security and risk management systems and protocols.
  • Four additional exchanges–Tech Bureau, GMO Coin, Bicrements, and Mr. Exchange—were punitively hit with business improvement orders, as each have been criticized for inadequate security protocols and systems.


You can check out the original sources via Cointelegraph and


The risk of loss in the trading of stocks, options, futures, foreign exchanges, foreign equities, and bonds can be substantial and is not suitable for all investors. Trading on margin or the use of leverage is not suitable for all investors and losses exceeding your initial deposit is possible. Supporting documentation is available upon request. Trading futures, options on futures, and foreign exchanges involves substantial risk of loss and is not suitable for all investors. Carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources and only risk capital should be used. Opinions, market data, and recommendations are subject to change at any time. The lower the margin used the higher the leverage and therefore increases your risk. Past performance is not necessarily indicative of future results.