The Japan Financial Services Agency will conduct security checks on about 120 financial institutions including encrypted exchanges.

According to the Nikkei, in response to the Tokyo Olympics and Paralympics that will be held in 2020, the Japan Financial Services Agency will conduct an overall inspection of the cyberattack prevention measures of financial institutions in the country. More than 120 financial institutions, including banks and insurance companies, are expected to conduct an attack response exercise in October to test whether their underlying systems are vulnerable. It is reported that this financial hall exercise will be the largest in history, and enterprises providing cryptocurrency trading services are also within the scope of this inspection.