In other news, Hong Kong’s financial regulator is tightening down on digital coins. The regulator has been working to implement ways to handle security breaches in the sector after two hacks of major Japanese exchanges: Coincheck in January and Zaif in September. The FSA also states that exchanges need to have net assets equal to the currency and repayment funds in the event of a hack. Among them is a requirement for exchanges to increase management of customer property, including keys. Japan’s Financial Services Agency published a draft report on Friday which contains a number of recommendations aimed at the digital currency sector. February 10, 2021.Cryptocurrencies overall were higher, with the total coin market capitalization at $108 billion at the time of writing, compared to $104 billion on Sunday.Įthereum, or Ether, increased 3.5% to $89.83 and Litecoin was at $28.05, up 9.8%, while XRP jumped 4.2% to $0.30275. "Coincheck to Repay Users Who Lost Money in $400 Million Hack".
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