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Japan's Aso calls for strengthening controls at cryptocurrency exchanges after $530 million theft

30 January 2018

Japanese Finance Minister Taro Aso said today that management systems at cryptocurrency exchanges needed to be strengthened. The remark followed hackers stole $530 million of digital money from Tokyo-based Coincheck. This cybertheft highlights the hazards of trade in an asset that policymakers are struggling to regulate. Japanese authorities have said on Monday they would investigate all cryptocurrency exchanges in Japan for security gaps.