February 2, 2018 / 12:03 AM / 20 days ago

Japan regulator conducting on-site inspection of Coincheck: Aso

TOKYO (Reuters) - Japanese Finance Minister Taro Aso said on Friday that financial regulators were conducting an on-site inspection of Coincheck, after hackers last week stole more than $500 million from the cryptocurrency exchange.

Aso, speaking to reporters after a regular cabinet meeting, said the decision was made based on the need to protect users.

Reporting by Tetsushi Kajimoto; Editing by Chris Gallagher

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