Japan’s financial regulator, the Financial Services Agency, raided the offices of exchanges Huobi and Fisco last week, reported Reuters. The FSA scrutinized the exchanges’ internal governance procedures, as well as consumer screening (KYC).
The Japanese regulator has become increasingly strict, especially after the hacks of Coincheck and Zaif. Japanese exchanges are fully regulated when it comes to handling fiat, but since digital assets are so new, proce...