Massive cryptocurrency heist spurs calls for more regulation
On Friday morning in Tokyo, someone hacks into digital wallet of Japanese cryptocurrency exchange Coincheck and pulls one of the biggest heists in history
Three days later, the theft of nearly €403 million in digital tokens is still reverberating through cryptocurrency markets and policy circles around the world.
The episode, disclosed by Coincheck executives at a hastily arranged press conference on Friday night, has heightened calls for stricter oversight at a time when many governments are working out how to regulate the booming cryptocurrency exchange industry. Japanese policy makers began a new licensing system for the venues just a few months ago, and regulators in South Korea are debating whether to ban exchanges outright.
To keep reading
please sign up for free!
Already have an account? Sign in here.
Editor's Picks
Euro reform
—
22.06.2018
Eurozone finance ministers back new powers for ESM
Benefits
—
20.06.2018
Luxembourg refutes cross-border unemployment plan
Tax
—
20.06.2018
UK companies to face pre-Brexit tax bombshell from EU
Tax avoidance
—
20.06.2018
Engie told to pay €120m in back taxes to Luxembourg
