In addition, regulators said that bitFlyer provided false information about its plans to prevent “antisocial forces,” including organized crime, from using the exchange. Kano was quick to respond publicly on his Twitter account with an apology and a promise to address the FSA’s concerns.
Blockchain ETFs down on Bitcoin Price
Two Blockchain ETFs that focus on the underlying technology that forms the basis for cryptocurrencies were down to end Friday’s trading session–Reality Shares Nasdaq NexGen Economy ETF (BLCN) was down 0.39% and Amplify Transformational Data Shrg ETF (BLOK) was down 1.14%.
“There’s a trend for regulators around the world to see (cryptocurrencies) increasingly as a method of speculation. And if it is a tool of speculation, they need to respond firmly from the perspective of investor protection,” said Masanori Kusunoki, chief technology officer at Japan Digital Design Inc. and a member of a Financial Services Agency study group on cryptocurrency exchanges.
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