Governments all across the world are tightening the strings on cryptocurrency businesses – and the latest one to get in trouble is Japanese cryptocurrency exchange desk bitFlyer. Following a regulatory clampdown in the country, bitFlyer has been forced to close new user registrations on its platform. The existing users will also have to undergo the know-your-customer (KYC) procedure again. The company was served with a ‘business improvement order’ by Japan’s Financial Services Agency (FSA) along with five other exchanges on Tuesday, Nikkei reported. The other targeted exchange operators include Bitbank, BITPoint Japan and BtcBox. The regulatory body found the security measures taken…
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