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June 22, 2018

STATEMENT BY DFS SUPERINTENDENT MARIA T. VULLO REGARDING JAPANESE REGULATOR’S ACTION ON BITFLYER JAPAN

The New York Department of Financial Services (DFS) has been in communication with the Japan Financial Services Agency (FSA) regarding the FSA’s Improvement Order for Bitflyer Japan.  As a leading US financial services regulator, DFS has a comprehensive regulatory regime to ensure compliance with BSA/AML laws, which Bitflyer USA has publicly supported and is obligated to follow.  Although Bitflyer Japan is separate and distinct from the company’s US operations, DFS is working closely with our regulated entity to preserve the continued sound operation of Bitflyer USA and to protect consumers.  This action further reinforces and supports the necessity of robust cryptocurrency regulation and cooperation among DFS and global regulators.

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Department of Financial Services

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