Japan's financial watchdog on Thursday took administrative action against seven digital currency exchanges across the country, ordering two of them to suspend business in the first such penalty against cryptocurrency exchanges.For the second time, the Financial Services Agency slapped a business improvement order on Coincheck Inc., the Tokyo-based operator at the heart of a massive digital money theft. It judged that risk management and consumer protection at Coincheck were insufficient.The two virtual currency exchange operators -- Bit Station and FSHO -- were ordered to suspend business f…READ FULL ARTICLE
