The Financial Services Agency ordered the all the six exchanges to better their anti-money laundering measures. “We take this order seriously and will make all efforts to improve our operations” CEO of Bitflyer said in a tweet. The cryptocurrency market has proven its volatility yet again today as the price tumble uncontrollably on news from Japan. The regulator in the country, the Financial Services Agency (FSA) has ordered six exchanges to improve their businesses. Bitflyer Inc., the largest exchange in the nation also received the order. Bitflyer Inc. reacted immediately by halting the sign up of new customers. This is to allow it to carry out a review of the identities of existing account holders. The Financial Services Agency ordered the all the six exchanges to better their anti-money laundering measures. The regulator also said this directive is due to a lax in the measures taken against money laundering activities. Significantly, the exchanges have been given until tomorrow, June 23 to submit the new plans. Cryptos have been under great pressure lately, first, two of South Korea’s exchanges were hacked. Bithumb exchange was hacked at the beginning of this week while Coinrail exchange was also a victim to an attack not long ago. There is a lot of concern about the security exchange companies have put in place to guarantee customers’ investments. Aside from Bitflyer Inc., the other exchanges that received the order of improvement of business include Bitbank, BTCBOX, QUOINE, Tech Bureau and BITPoint Japan. Japan has been very crypto-progressive, choosing to regulate the market as opposed to applying a complete ban. The market is however under increasing insecurity threat starting with the loss of $500 million in a hack attack earlier in the year on Coincheck exchange. The CEO of Bitflyer, Yuzo Kano apologized on Twitter and promised to carry out the improvements. He said in the tweet, “We deeply apologize for causing concerns and inconvenience.” He added, “We take this order seriously and will make all efforts to improve our operations.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next USD/JPY Technical Analysis: forming a symmetrical triangle on hourly charts FX Street 5 years The Financial Services Agency ordered the all the six exchanges to better their anti-money laundering measures. "We take this order seriously and will make all efforts to improve our operations" CEO of Bitflyer said in a tweet. The cryptocurrency market has proven its volatility yet again today as the price tumble uncontrollably on news from Japan. The regulator in the country, the Financial Services Agency (FSA) has ordered six exchanges to improve their businesses. Bitflyer Inc., the largest exchange in the nation also received the order. Bitflyer Inc. reacted immediately by halting the sign up of new customers. This is… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.