Ahh here we go: https://www.bloomberg.com/news/articles/2018-03-08/japan-expands-cryptocurrency-crackdown-after-coincheck-hack … When your regulator says "So we have 16 licensed Bitcoin exchanges and 16 pending license. Hmm. SURPRISE SITE VISIT ON ALL OF YOU (pending) and some of the licensed ones just to check", you should feel a bit scared.
-
-
Show this thread
-
When the regulator says at the press conference "We haven't finished with all the investigation yet but during our site visit we found a number of instances of failure to implement anti-moneylaundering controls etc" you should be terrified.
Show this thread -
Am I surprised they found material deficiencies in AML controls? No. Material deficiencies in AML controls is the product being sold. I'm surprised they said "That's it, eff it all, let's publicly expose ourself to undeniable evidence of material deficiencies in AML controls."
Show this thread
End of conversation
New conversation -
-
-
I think the straight-up Google translation conveys the gist.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.