CEO of Monex Group, Japan's third-largest online broker, believes that control over the crypto exchanges, including the recently acquired Coincheck should be toughened in Japan. This is reported by Coindesk.
Japan's exchanges do both matching and custodial services - they're close to a bank. To someone in the financial industry like myself, it's common sense that regulations will get stricter.
Rumors that Monex is going to buy the Japanese exchange Coincheck, which lost more than $ 500 million as a result of hacking at the beginning of the year, appeared in early April.
Later, Monex confirmed the information on the purchase, saying that it would buy out 100% of the company's shares and appoint Toshihiko Katsuyu as its head. On the same day it became known that Monex will hold an IPO for Coincheck, which as a result will be the first Japanese crypto exchange to enter the stock markets.