FSA issues business improvement orders to six cryptocurrency exchanges! - Important knowledge of cryptocurrency that beginners can learn - Navi+ - GogoJungle | Auto Trading - Market Analysis

FSA issues business improvement orders to six cryptocurrency exchanges!

Today the Financial Services Agency ordered a business improvement for cryptocurrency exchanges.

It issued a business improvement order.

BitFlyer and Bitbank

QUOINEX, Zaif and six other exchanges

will be affected.

The content appears to be about anti-money laundering measures

and a re-examination of identity verification methods

and related aspects.

Cryptocurrency exchanges too

may eventually require My Number (individual identifier)

as a form of identification

perhaps, you know...

Among these, BitFlyer

has temporarily restricted new customers.

The report on the business improvement order will be submitted

by July 23, so, by that time

we expect to submit and resume accepting new customers

with the policy of reopening to new entrants.

I think that is how things will proceed.

The reason for the new-entrance restriction is

to show a declaration of “We will improve properly!”

I think.

But as the market is currently down

new customers have fallen sharply since the end of 2017,

so it could be considered not a big issue.

However,

there are opportunities ahead such as

SBI Virtual Currencies accepting general customers

and Coincheck resuming operations

and the entry of large investors

will likely come again.

As I wrote in a paid article,

there is information suggesting there may be a rally from June to August,

but I’m not sure.

Moments like this are a good opportunity to

reexamine the foundations of the crypto assets I am investing in

and consider their basis anew.

Isn’t this a good chance?

I have summarized the overview of the Financial Services Agency’s business improvement order

and my own viewpoint in an article