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News Link • Japan

Crypto-Collapse Resumes After Japan's Largest Exchange Halts Account Creation

•, By Tyler Durden

As CNBC reports, the order from Japan's Financial Services Agency, led bitFlyer - the largest crypto exchange in Japan — to suspend the creation of new accounts while it makes improvements to its business, especially as it pertains to its money-laundering measures.

"Our management and all employees are united in our understanding of how serious these issues are, as well as how serious we are in responding to them going forward," bitFlyer said in a statement on their website.

"In order to maximize our efforts towards building a suitable service and improving on the issues identified, we have temporarily suspended account creation for new customers of our own volition," bitFlyer said.

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