The CEO of the Japanese currency exchange bitFlyer, Yuzo Kano, and the Bitbank CEO, Noriyuki Hiroyuki, left the posts of the chairmen of the Japan Virtual Currency Exchange Association (JVCEA). This is reported by ETHNews.
According to the Association's official website, earlier both exchanges received instructions from the Financial Services Agency (FSA) on improving anti-money laundering practices.
[Organization] will continue to do [its] utmost to protect the interests of users and to promote the sound development of the virtual currency exchange industry, including the early establishment of voluntary regulation rules.
Japan Virtual Currency Exchange Association
It is noted that despite the resignation of Kano and Hiroyuki, both exchanges remain members of the Association.
The names of the contenders for the posts of the new JVCEA chairmen are not yet named.
Earlier in June, the Japanese currency exchange bitFlyer temporarily suspended registration of new users because of FSA requirements on mandatory verification of customers.