Hot on the heels of their Coincheck acquisition, Monex has stated that Japanese exchanges need to have tougher regulations in place.
Japan has long been known for being a crypto-friendly country. In fact, they saw phenomenal numbers last year when $ 97 billion was traded in just one month. In addition, reports for the 20th of April show that Yen-based Bitcoin trades made up more than 50% of global trades over a 24-hour period.
As regulation efforts increase all around the world, Japan has also shown their support by presenting guidelines on ICOs. However, according to Reuters, online brokerage Monex Group Inc believes that the country can do more with regard to crypto exchange regulations.