Trading platform is expected to ban accounts suspected in digital money manipulations. Japanese major cryptocurrency exchange bitFlyer announced its decision to suspend accounts accused of digital currency price manipulation, bitcoin.com reports. The necessary actions were taken after Financial Services Agency (FSA) requested to increase security for local trading platforms. In June, bitFlyer carried out the restrictions for new users registration and paused all deposits and money withdrawing while all the users were undergoing KYC procedure. Financial regulator suspected that the exchange fails to meet the requirements of the antifraud law. On July 23 several trading platforms presented their new rules to FSA. Japanese government began restricting digital money market after Coincheck exchange was hacked and over $523 million were stolen in NEM cryptocurrency in January. |
