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Politics

Japan regulator to warn unregistered cryptocurrency operator

Macau-based Blockchain Laboratory seen putting investors at risk

  © Reuters

TOKYO -- Japan's Financial Service Agency will issue its first warning under the revised payment services law to an unregistered cryptocurrency exchange operator, The Nikkei has learned.

The warning will be issued to Blockchain Laboratory, based in Macau. The agency has decided the company's activities could cause investors to incur losses. The FSA will work with the police and the Consumer Affairs Agency to bring criminal charges if the company fails to respond to the warning.

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