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Coincheck theft exposes flaws in Japan's rules governing crypto coins
Coincheck was allowed to operate without regulatory approval by the govt
Published Mon, Feb 12, 2018 · 09:50 PM
Tokyo
AFTER the Mt Gox cryptocurrency exchange was stung by a half-billion-dollar theft in 2014, Japanese regulators swung into action.
Their goal was to craft rules that both protected traders and allowed a promising sector to flourish. By last April, they thought they had arrived at a set of guidelines that did just that.
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