Japan finance regulator raids cryptocurrency exchanges in money laundering sweep

Japan‘s top financial regulator has raided two cryptocurrency exchanges to enforce anti-money laundering rules, Reuters reports. Financial Services Agency (FSA) agents inspected digital asset firms Huobi Japan and Fisco Cryptocurrency Exchange to make sure appropriate customer protections were in place. Both firms reportedly had recently undergone management restructures. In October last year, Fisco revealed it was to acquire embattled cryptocurrency exchange Zaif for $44.5 million, just one month after hackers stole $62.5 million worth of Bitcoin, Bitcoin Cash, and Monacoin from the platform. Zaif has since reportedly paid back all affected users, and officially relaunched under its new management yesterday. While Huobi…

This story continues at The Next Web

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