Japan warns cryptocurrency firm over unlicensed operation

The Japanese financial regulator has issued an official warning to a cryptocurrency firm that is allegedly operating without a licence.

The Finance Service Agency (FSA) has said that Macau-based cryptocurrency firm Blockchain Laboratory has been offering unregistered services related to initial coin offerings (ICOs) and cryptocurrency trading. The FSA also published a statement explaining that the firm has failed to register under the Financial Instruments and Exchange Act while raising funds, making private offerings and facilitating ICOs in Japan.

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