この記事を共有
Monex CEO: Closer Crypto Exchange Oversight 'Common Sense'
Oki Matsumoto's comment raises eyebrows, given that his firm just plumped for a crypto exchange of its own.
著者 David Floyd
The CEO of Monex Group, Japan's third-largest online brokerage, thinks Japan's cryptocurrency exchanges - including the one his firm recently decided to buy - should be regulated more strictly.
"Japan's exchanges do both matching and custodial services - they're close to a bank," Oki Matsumoto told Reuters in an interview published Friday. "To someone in the financial industry like myself, it's common sense that regulations will get stricter."
Matsumoto has had a busy month. Rumors swirled at the beginning of April that Monex would acquire Coincheck, a Japanese cryptocurrency exchange that lost perhaps $530 million worth of customers' XEM (the native token of the NEM network) in a breach uncovered in January.
The theft exceeded the amount stolen in another infamous Japanese cryptocurrency exchange breach – MtGox.
Monex confirmed the acquisition on April 6, announcing that it would acquire 100 percent of Coincheck and replace its president with Monex senior executive officer Toshihiko Katsuya. The same day, reports emerged that Monex was considering an initial public offering (IPO) of Coincheck shares, a first for a Japanese cryptocurrency exchange.
Competition may also be on Matsumoto's mind, following the news that Yahoo Japan invested somewhere in the range of $18.6 million to $27 million in the Japanese cryptocurrency exchange BitArg.
Yen and bitcoin image via Shutterstock.
More For You
A draft XRPL amendment notes that flash loan attacks are "structurally impossible" on the network because of how its transactions are built, an architectural quirk that has spared the chain from the exploit class that has cost Ethereum DeFi billions.
What to know:
- Recent DeFi exploits on protocols like Thorchain, Drift and KelpDAO have relied on flash loans, a mechanism that does not exist on the XRP Ledger.
- Because XRPL transactions are atomic and cannot include composable intra-transaction calls, flash loan attacks are structurally impossible on the network.
- As XRPL pursues AMM upgrades...
Top Stories
