This Japanese Financial Services Agency has organized a study group to discuss the status of cryptocurrency in Japan last week. Meanwhile, about 100 more companies are demanding entry into the market.

FSA Confirms Eight Want Out

This Japanese financial regulator has confirmed that so far eight companies have expressed the intention to withdraw their applications to operate the cryptocurrency exchanges.

Strict Measures

A total of 14 orders were issued on January 29 on March 8, three on April 6, one on April 11, one on April 13 and another on April 25. This financial monitoring also gives detailed information of the administrative number which has been issued till date,

It whereas seven commercial improvements have been ordered except these Coincheck, Business suspension orders has been received for five of its crypto exchanges. Two orders have been received by its Coincheck and FSHO.

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