FUD World Tour (part 4):

• Japan:

2nd world Bitcoin market, Japan is considered the country with the most favorable approach to Bitcoin. The level of adoption is high and more and more companies are integrating Bitcoin into their payment system. In April 2017, the government declared that bitcoin was legal tender in the country.

On January 26 at 03:00 local time, Coincheck, one of the 32-platform leaders in the country, was the victim of an attack that caused the theft of 523 million NMS, valued at about $ 534 million. . On January 27, Coincheck announced that they would reimburse the 260,000 victimized users of the attack. We can only welcome this gesture.

This attack, however, provoked a reaction from the Japanese authorities. The FSA (Financial Services Agency) plans to carry out checks on the various platforms from this week. One of the purposes of these controls is to force platforms to adopt enhanced cybersecurity and consumer protection measures.

Japanese Finance Minister Taro Aso has also announced that the FSA will tighten trade supervision, saying, "We will have to be careful to maintain the balance between promoting innovation and protecting users of these platforms. trades ". At the moment, 16 trading platforms are considered to have insufficient security. The FSA is planning to introduce disciplinary measures and penalties for platforms that will not put in place the necessary measures.