On Wednesday, Japan’s financial regulator will slap administrative punishment notices on several cryptocurrency exchanges this week. The Financial Services Agency plans to force some to suspend their business, people with direct knowledge of the matter. The FSA also said that it will order Coincheck Inc, the exchange targeted by hackers in a $530 million theft of digital money - to raise its standards. The FSA will hand out these punishments after uncovering flaws in customer protection and anti-money laundering measures.

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