Japan's Cryptocurrency Exchange Faces Shortage of Engineers

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The shortage of software engineers, cyber-security experts and specialists in blockchain in Japan’s cryptocurrency industry has played a vital role in the recent hack of USD $530 million in digital money, while Financial Regulators are pushing for tighter security.

With 32 exchanges operating in Japan and 100 more applying for a licence; engineers face high demands in employment and in reality supply of labour cannot contend with the demand.

While this is also the situation in Hong Kong, Britain, San Francisco and New York are able to hire people from universities, from major concentrations of engineers and hence, do not face the problem in Japan discussed above.