Cryptocurrency exchange Coincheck's signboard is pictured in front of a building where their office is located in Tokyo, Japan February 2, 2018. (REUTERS/Kim Kyung-Hoon/File Photo)
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The Japanese government is slapping penalties on several crypotocurrency exchanges in the country, after 58 billion yen ($530 million) of virtual coins were lost earlier this year from hacking.The Financial Services Agency, which has been checking the exchanges, said Thursday that FSHO and Bit Station exchanges were ordered to halt operations for a month.The agency said it found that a Bit Station employee had taken bitcoins for personal use.Five other exchanges, including Coincheck, targeted in the massive hacking, were ordered to improve their operations.Japan has officially licensed 16 virtual-currency exchanges, and more, including Coincheck, are applying for licenses.
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