Two digital currencies exchange platforms in Japan have closed. They are called Mr. Exchange and Tokyo GateWay. According to the reports coming from the financial media, local regulators have checked both organizations and decided they must discontinue operations.
The whole reason of increased regulators’ activity in the past months is the giant hack of Coincheck which resulted in the loss of millions of dollars of user funds. The exchange representatives immediately vowed to do everything in their power to prevent similar attempts in the future and the organizations has already returned some lost money, but this process is very far from its end. Regulators of Japan, namely the Financial Services Agency, have decided to check other exchanges just in case.
Two those exchanges were relatively big, and their closure might have even affected the price of Bitcoin. Observers highlight the $400 drop after the initial messages on this topic. Note that the reports on the closure come from the same outlet which posted news on Binance closure, and the information proved untrue later.
Bitcoin costs approximately $7550 at the press time, its further drops might be connected with regulators’ activities in various financial hubs of the world. When China banned ICOs, the cryptocurrency price has dropped, although some experts warned about the drop even before the first messages about the infamous prohibition.