Japan's DMM Gets Biz Improvement Order over Bitcoin Loss
Tokyo, Sept. 26 (Jiji Press)--Japan's Financial Services Agency on Thursday issued a business improvement order to cryptocurrency exchange DMM Bitcoin Co. for having 48.2 billion yen's worth of customers' bitcoin deposits stolen in May.
Based on the payment service law, DMM Bitcoin was ordered to identify the cause of the loss, strengthen its system risk management structure and clarify who is responsible. The FSA also told the Tokyo-based company to submit a business improvement plan by Oct. 28.
(2024/09/26-21:19)
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