Japan-based licensed cryptocurrency exchange – BitPoint – has been hacked and suffered sufficient losses. The attack hit the platform in the early hours of July 12. The company has suspended all operations by now.
"Bitpoint, one of the licensed exchanges in Japan, got hacked today and supposedly have lost 10s of millions dollars worth of cryptocurrencies. Gox incidents are nothing new but I'm afraid this may affect the regulation and make it even more strict in Japan. "
The company has already made a statement regarding the incident. However, it is unclear what cryptos have been stolen. The rumours that hackers could filch bitcoin, Bitcoin Cash, Litecoin, Ethereum and XRP. It is known that the exchange lost cryptocurrencies for about JPY 3.5 billion ($32 million). The company representative stated that some JPY 2.5 billion ($23 million) out of JPY 3.5 billion belonged to clients.
The in-house investigation discovered that hackers managed to withdraw funds via fraud actions.
For reference, Japan's Financial Service Agency has received about 110 applications for a crypto trading license.
The US Securities and Exchange Commission has approved the distribution of Props tokens among content creators and users of YouNow for rewards in applications. The license was given in line with the Regulation A+.
Canada has reportedly revised and updated anti-money laundering measures effective in the country. The new edition will include measures to be taken by cryptocurrency trading platforms. The government has unveiled the amendments to the effective anti-money laundering policies yesterday.