Japan's financial regulators are reportedly moving closer to creating a system for registering and overseeing domestic digital currency exchanges.
According to the Times, the draft text calls for a range of capital and auditing requirements for those running domestic exchanges, in addition to know-your-customer (KYC) anti-money laundering (AML) mandates.
Another meeting is said to be taking place on Thursday of this week to discuss the proposal.
The Times explained:
Karpeles is currently being investigated for embezzlement and fraud connected to the loss of hundreds of millions of dollars in customer bitcoins.
The FSA did not immediately respond to a request for comment.
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