An aggressive investor in financial technology has delayed the launch of its planned cryptocurrency exchange. Why?
SBI Holdings put off opening its cryptocurrency exchange in order to strengthen security measures as the principal reason for the delay, the Japanese firm said in a statement on its website.
«We decided that it will take a certain amount of time to further strengthen security measures, and how to manage assets under custody,» the Tokyo-based financial services company said.
Tighter Control
The delay comes in the wake of the high-profile hack of Japanese cryptocurrency exchange Coincheck, which saw $532 million digital tokens vanish in the largest crypto burglary to date.
In September, SBI Holdings was among the first to register as a virtual currency exchange operator with Japan’s financial regulator as finews.asia reported.
