🚨 Japan probes two cryptocurrency exchanges after management changes: sources

Japan's Financial Services Agency (FSA) raided crypto exchanges Huobi Japan Inc. and Fisco Cryptocurrency Exchange Inc. over customer protection and anti-money laundering (AML) practices in light of recent management changes, according to anonymous Reuters' sources. Regulatory scrutiny has increased in Japan's fintech market recently as the government sees it as a key economic driver.

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