Japan’s FSA ordered all crypto exchanges to submit report on system risk management

Japan’s Financial Regulator, Financial Services Agency (FSA), came out with a brief statement on Friday, asking all cryptocurrency exchanges to report on system risk management.

Key Points:

Said it ordered all cryptocurrency exchanges to submit a report on system risk management.

Says order was given to 31 exchanges, not including Coincheck.

Says paying attention to Coincheck's financial conditions.

Says to monitor via on-site probe coincheck's handling of customer compensation and resumption of operations.