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Japan puts pressure on cryptocurrency exchanges: the Main requirement is to exclude from listing Monero, zcash for and Dash

The financial services Agency of Japan (FSA) is putting pressure on the local cryptocurrency exchanges, requiring them to exclude from the listing tokens maximum anonymity, such as Monero, zcash for and Dash.

Jake Adelstein, a journalist of the Japanese newspaper based in Tokyo reported in Forbes about the new plans by the FSA in relation to cryptanalytic exchanges. Sources close to the regulator, which has the exclusive right to issue licenses cryptocurrency exchangers, said that the FSA is ready to “do everything that forces the Agency” to make the exchange to exclude from listing altcoins that allows you to make anonymous transactions.

The FSA claims that Monero, zcash for Dash and tracked much more complicated than Bitcoin (although in some cases this may be due to user error and other factors), and that they are too closely associated with the underworld.

For example, Monero is usually associated with attacks of “Cryptogamia” when hackers infect the computers with malware, taking over the processors and use them for mining cryptocurrency.

Currently there is no official ban on trade or aid for trade called cryptocurrency. However, the war with the FSA tokens is focused on complete anonymity seems to be having some success.

Coincheck, which became the largest victim of hacking, quietly held a delisting Monero and two less well known altcoins that claim to be anonymous. Most likely, this was done in an attempt to convince the FSA that the exchange has corrected their flaws and deserved the license.

Recently licensed in Japan cryptocurrency exchange has established the self-regulatory body, which will have certain powers and to ensure the safety of its members. In addition, the organization will receive from FSA a white list of cryptocurrencies, which exchange have the right to include in the listing.

The post Japan Puts Pressure on cryptocurrency exchanges: the Main requirement is to exclude from listing Monero, zcash for and Dash appeared first on FineCrypto.

FineCrypto

The post Japan puts pressure on cryptocurrency exchanges: the Main requirement is to exclude from listing Monero, zcash for and Dash appeared first on Tech we trust.



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Japan puts pressure on cryptocurrency exchanges: the Main requirement is to exclude from listing Monero, zcash for and Dash

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