Bank of Japan’s Kuroda urges cryptocurrency service firms to beef up security

South Korea says uncovered about $600 million in cryptocurrency crimes
January 30, 2018
Browse With Encryption
January 30, 2018
This post was originally published on this site

TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda said on Wednesday companies offering cryptocurrency services must have ample security steps in place.

Kuroda also told parliament the BOJ had no plan now to issue digital currencies.

Japan’s Financial Services Agency (FSA) on Monday ordered improvements to operations at Coincheck Inc after hackers stole more than $500 million worth of digital money from the Tokyo-based cryptocurrency exchange operator.

Reporting by Tetsushi Kajimoto; Editing by Chang-Ran Kim