Bitflyer can freeze accounts of the users manipulating the prices

The Japanese cryptocurrency exchange Bitflyer can freeze accounts of the users suspected of manipulation with the prices in the market. The company warns about it, referring to the special document describing conditions of use of the platform.

“According to our Conditions of use, we can freeze accounts of users which as it is supposed, have purposely influenced the market or are connected with other forms of malicious installations of market prices. We will continue to do everything possible to create an effective trade environment”, – it is said in the document.

Actions of the exchange – countermeasures on earlier received instruction of the Agency on financial services (FSA) to carry out improvements in work of a security system and structure of management on 10 points.

Besides, the exchange still doesn’t register new accounts. This decision has been made after the instruction of FSA according to which the agency intends to check compliance of activity of Bitflyer to requirements about prevention of washing of the means received in the illegal way, financings of terrorism and unauthorized access to data.

In this regard on July 23 Bitflyer together with the Bitpoint Japan, Bitbank, Btc Box, Quoine and Tech Bureau cryptoexchanges has provided to FSA the corresponding plans of modification of work.