The Japan Financial Services Agency (FSA) will conduct on-site inspections of 15 cryptocurrency exchanges in Japan. Waiting for registration following the Coincheck hack, The Japan Times newspaper wrote today Feb. 16.

The crypto exchange in Coincheck Japan was hacked on January 26 and about $ 530 million at NEM altcoin was stolen.

of the Bitcoin legalization (BTC) by Japan as a method of payment in April 2017, the crypto exchanges must be registered by the government. According to the Japan Times, crypto exchanges made in Japan before April 2017 have been allowed to continue their operations, according to The Japan Times.

Coincheck, which is not registered but whose application was being revised at the time of the hacking, was inspected by the FSA after the hack on February 2 for the protection of l & # 39; user.

The FSA also ordered all crypto exchanges in Japan to submit a risk management report in the wake of piracy. After receiving the reports of the 16 registered exchanges and the 15 non-registered exchanges of Japan, the FSA ordered on-site inspections of the non-registered exchanges. Coincheck has already submitted its report to the FSA on 13 February.

Taro Aso, Minister of Financial Services, said on-site inspections will pay particular attention to the security measures of the computer system and the management of client assets. Japan Times.