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Lifting of Improvement Order for Liquid Japan
Liquid would like to announce that our sister company's, QUOINE Corp (Liquid Japan), reporting period for the improvement order was lifted last week. We understand that it is important to focus on the continued improvements to compliance and governance standards to allow Liquid to provide product innovations and service improvements to the Japan market.
Liquid would like to announce that our sister company's, QUOINE Corp (Liquid Japan), reporting period for the improvement order was lifted last week. We understand that it is important to focus on the continued improvements to compliance and governance standards to allow Liquid to provide product innovations and service improvements to the Japan market.
History recap
Liquid Group Inc. consists of 2 companies operating in different Markets, including QUOINE Corp. (Liquid Japan) and QUOINE. Pte. (Liquid Global). On June 18, 2018, the Kanto Finance Bureau took measures related to Article 63-16 of the Fund Settlement Law and issued QUOINE Corp a business improvement order. Based on the request, QUOINE submitted our business improvement plan on July 23, 2018, and has continually reported our progress. We are pleased to inform you that the QUOINE Corp reporting period for the business improvement order has come to an end.
The future is bright
Our customers will benefit from the assurance that we will continue strengthening our management and internal controls to provide the highest compliance and governance standard based on this milestone.
We are dedicated to accelerating the delivery of product and service improvements on both Japan and Global Markets and the development of utility and value for QASH holders.
We look forward to your continued support and cooperation.
