Ban on anonymous cryptocurrencies will be introduced in Japan

Japan Financial Supervision Agency from June 18, announced the introduction of a direct ban on cryptocurrencies, providing a sufficient degree of anonymity for end users, the project writes referring to CoinDesk. Some local exchanges, such as Monero, Dash and Augur, have already begun to perform delisting. FSA notes the potential use of anonymous cryptocurrency for criminal purposes and indicates that anonymity has become an obstacle in the investigation of the cracking of the CoinCheck currency exchange, where in January 2018 more than $550 million were stolen. The government of Japan conducted a large-scale inspection of trading floors, noting that it does not intend to hamper the development of the industry, but wants to make it as transparent and safe for investors as possible.

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