Japan’s FSA to Deny First Cryptocurrency Exchange Application

Japan’s financial regulator is reportedly getting ready to issue its first ever rejection of a business application to register a cryptocurrency exchange in the country.
FSHO Ordered to Improve Operations
Yokohama-based trading platform FSHO is likely to see its application denied by Japan’s Financial Services Agency (FSA), according to a Nikkei report.
The exchange had previously received two business improvement orders from the FSA earlier this year; the first being from 8th March