2 Japanese Exchangers close their doors

According to Nikkei , two exchanges, Mr. Exchange and Tokyo GateWay, are withdrawing their requests to trade exchanges previously filed with the Financial Services Agency (FSA) of Japan.

To date, no official statements have been published in either of the two markets, although Mr. Exchange published on March 8 that he had received an order that required him to reinforce his internal protocols after the attack on Coincheck in late January, which resulted in at approximately $ 533 million in the theft of the XEM card. According to the Nikkei report, the closures will not occur until the funds of the users have been withdrawn or returned.

Earlier this month, Japanese regulators suspended two cryptocurrency exchanges, FSHO and Bit Station, citing security flaws. According to Nikkei, Bit Station has withdrawn its application with the agency, as well as two others: Raimu and bitExpress.

“It is expected that they will be fulfilled since the FSA has granted several exchanges a voluntarily closed opportunity before ordering them to do so,” the news service added.

It is required that exchanges in Japan be registered in the FSA, as provided by a law that came into force last March. While several exchanges have received licenses to date, the agency has nonetheless intensified its supervision of the industry in the wake of Coincheck’s trick.