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Thursday, October 21, 2021

Japan’s Aso: need to strengthen controls over cryptocurrency exchanges

Japan's Aso: need to strengthen controls over cryptocurrency exchanges© Reuters. Cryptocurrency exchange Coincheck’s signboard is pictured in front of a building where their office is located, in Tokyo

TOKYO (Reuters) – Japanese Finance Minister Taro Aso said on Tuesday that controls over management systems at cryptocurrency exchanges needed to be strengthened after hackers stole $530 billion of digital money from Tokyo-based Coincheck.

Aso, who doubles as financial services minister, made the remarks after Japanese authorities said on Monday they would investigate all cryptocurrency exchanges in the country for security gaps and ordered Coincheck to raise its standards.

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Source: Investing.com

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