Reuters: The Japan Financial Services Agency conducted on-site inspections of two virtual currency exchanges

According to Reuters report on the 23rd, the Japan Financial Services Agency conducted an on-site inspection of the registered Japanese virtual currency exchanges Huobi Japan (currently Bitrade) and FISCO based on the “finance algorithm”. Most relevant parties confirmed this information. . The Financial Services Department believes that there are deficiencies in the management systems of the two companies and the protection of customers, so they are paying close attention to (whether or not) administrative sanctions. According to relevant sources, the Financial Department conducted an on-site inspection on the 17th of this month. The inspection will also test the anti-money laundering system. The Financial Services Department reported to Reuters: "There is no answer to the inspection of the Financial Services Agency." Reuters had sought a response from FISCO, but so far has not received a reply.