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  • Dado Ruvic / Reuters

    Japan sanctions cryptocurrency exchanges amid illegal activity

    by 
    Timothy J. Seppala
    Timothy J. Seppala
    03.08.2018

    Late last week, Japanese cryptocurrency exchanges started making (weak) moves to self-regulate. This week, Japan is cracking down on exchanges over what Reuters reports as a lack of "proper" internal control systems as a means to mitigate risk. There's also pressure to cull crypto's popularity for criminal activity. Specifically, its use for money laundering and funding terrorism.