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Japan Ramps Up Scrutiny into Crypto Exchanges’ Cold Wallets

By CCN.com: Crypto exchanges are a straightforward place to keep cryptocurrency when trading. Cash out fees accrue less quickly, and trades can be made much faster than having to transfer currencies from another wallet. The downside to keeping your funds on an exchange? More than $500 million was stolen exclusively from Japanese exchanges in 2018 alone. The funds stolen have left governments with a serious need to intervene. Japan was the first country to formalize crypto exchange regulation, and they have taken these breaches very seriously. Previously, storing funds in a cold wallet – offline crypto storage wallets that are

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