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They can't be forged, making them a great way to make cashless payments over the internet, across borders, especially in places without sophisticated banking systems or stable currencies. The deadline was October, but the FSA had extended a grace period to the company. One of the changes it made was the delisting of three privacy coins, Monero, Zcash, and Dash. Coincheck which lost about 58 billion yen to hackers in January this year. Japan's criminal justice system has drawn scrutiny more recently with the arrest and detention for more than three months of Nissan Motor.'s former chairman, Carlos Ghosn. So did his nearly yearlong incarceration ahead of his trial. Once one of the largest, most established exchanges for the cryptocurrency, MtGox collapsed in 2014 after a suspected theft worth nearly half a billion dollars, which hammered the digital currency's reputation. In his statement to the court in 2017, Karpeles said he "never once improperly used any funds".