160 Exchanges to Want to Enter Japan

Documents regarding this was published by the Financial Services Agency of Japan after the meeting
17 September 2018   1066

The Financial Services Agency of Japan (FSA) published several documents with the meeting of the group on the study of cryptocurrencies held last week, during which industry regulation was discussed, including the registration of cryptoexchanges. This is reported by Bitcoin.com.

The agency confirmed that only three companies - Coincheck, Lastroots and Everybody's Bitcoin - successfully passed the recent inspections from 16 companies that, for the period of consideration of their applications, were authorized to operate as crypto exchanges. At the moment, their applications are under consideration, while with regard to Coincheck, the agency separately examines the measures that the cryptoexchange has taken to improve work after the hacking earlier this year. FSA also plans to conduct periodic on-site inspections of these exchanges.

Of these 16 companies, one was denied the launch of the exchange, while the other 12 withdrew their applications. At the same time, the ministry said, about 160 companies expressed their intention to register as a cryptocurrency exchange.

Such a high interest in the cryptocurrency business forced the regulator to begin to study the possibility of expanding the staff to speed up the process of consideration of applications. At the moment, the department employs 30 people responsible for monitoring exchanges and traders, monitoring unregistered operators and reviewing applications for registration. The FSA plans to expand the staff, using for this purpose 12 more people in 2019.

In addition, the at the meeting the rules of self-regulation established by the Association of Virtual Currency Exchanges were discussed. At present, this association includes 16 exchanges whose activities are approved by the Japanese authorities: Money Partners, Quoine, Bitflyer, Bitbank, SBI Virtual Currency, GMO Coin, Bittrade, Btcbox, Bitpoint Japan, DMM Bitcoin, Bitarg Exchange Tokyo, Bitgate, Bitocean, Fisco Virtual Currency, Tech Bureau and Xtheta.

The Japan Virtual Currency Exchanges Association was formed in March this year, having received the official registration of the FSA in April.

China to Finance Hacker Attacks on Exchanges, - FireEye

Experts believe that the victims of APT41 are industry participants, the development of which is a priority in the current Chinese five-year period
08 August 2019   276

The hacker group APT41 attacks companies in the areas of healthcare, telecommunications, fintech, media, and cryptocurrency exchanges. This activity is funded by the Chinese government, according to analysts of cybersecurity company FireEye.

Experts believe that the victims of APT41 are industry participants, the development of which is a priority in the current Chinese five-year period.

Industries Targeted by APT41
Industries Targeted by APT41

At the same time, APT41 pursues its own goals, extracting financial benefits from attacks, which is unusual for other groups under the Chinese government, according to FireEye.

APT41 is known to include at least two people with the pseudonyms Chzan Xuiguan and Wolfji. The group probably has connections with other hacker organizations like BARIUM and Winnti.

FireEye also evaluated at what time of the day the APT41 attacked the gaming industry (its core target) and businesses from other areas. It turned out that this was happening outside the framework of a standard working day - probably these people, among other things, have the main job.

APT41 Operational Times
APT41 Operational Times

According to the UN Security Council, hackers under the DPRK government stole about $ 2 billion from banking institutions and cryptocurrency exchanges.