DMM Bitcoin aims to strengthen online security by ending older TLS support

Maria Nikolova

The company’s services will stop supporting older TLS protocols, effective August 29, 2018.

DMM Bitcoin, the cryptocurrency business of Japanese Internet giant DMM.com, is taking a step towards enhanced online security. The company aims to end support for older Transport Layer Security (TLS) protocols, effective August 29, 2018.

In a notice to its clients, DMM Bitcoin said it will invalidate the Internet communication encryption method “TLS 1.0 and 1.1”. After August 29, 2018, the company’s web service and trading system will be unavailable on PCs, smartphones, tablets, browsers, etc. that do not support “TLS 1.2”. Let’s note that the security strength of TLS 1.2 is higher than that of TLS 1.0 and TLS 1.1.

Customers are asked to check their devices’ settings in order to make sure that they can continue to use the company’s services.

The announcement by DMM comes less than a month after another Japanese online giant – GMO Internet Inc. (TYO:9449) informed its clients that as a result of its efforts to boost security, customers may experience troubles using some of its web services. The main change that the company said it would implement is the suspension of older versions of TLS protocols.

Effective July 2018, GMO Internet stopped supporting TLS 1.0 and TLS 1.1 to boost the security of its customers’ Internet communication. As a result, customers may not be able to use part of the company’s web services on old PCs, browsers, and smartphones that are not compatible with TLS 1.2. The purpose is to have the details of the Internet communication encrypted so that a third party cannot get access to them and that data fraud is prevented.

The changes also affect GMO Coin, the cryptocurrency business of GMO Internet.

Read this next

Inside View

Private Equity Renaissance

Recent years have seen a resurgence in the concept of trading physical equities, with a slew of new arrivals joining the market for what is arguably one of the oldest forms of investing. But what has been the driving force behind this change in momentum?

Digital Assets

Dubai introduces new crypto regulations with fines of up to $135,000

Against the backdrop of a crashing market and burned investors, Dubai has sealed a landmark rulebook that governs how the Emirate will regulate cryptocurrency activities.

Institutional FX

FX volume drops 16pct at Russia’s largest exchange in January

The Moscow Exchange, Russia’s largest exchange group, released its monthly batch of trading volumes and metrics for January 2023 – the latest readings showed a pullback across the board for multiple segments, namely in the FX, given lower volatility and a reduced trading schedule.

Institutional FX

Standard Chartered sets up wholly-owned brokerage arm in China

UK-headquartered bank Standard Chartered said its Hong Kong arm has been granted an in-principle approval for a brokerage license from the China Securities Regulatory Commission (CSRC).

Digital Assets

Revolut offers staking for Ether, Cardano, Polkadot, and Tezo

British fintech and banking firm Revolut has introduced crypto staking — a practice of earning rewards for serving as a transaction validator in the Ethereum blockchain – to its UK and European Economic Area (EEA) customers.

Inside View

Saxo releases Q1 2023 Quarterly Outlook: “The Models Are Broken”

“2023 is likely to prove a rough ride for currencies if the USD bear market fails to continue in a straight line, but EUR and JPY may outperform.”

Institutional FX

FXPA welcomes Mesirow as a member of the institutional FX industry body

“Our deep commitment to advancing best practices align well with FXPA’s goals of championing a robust FX market for all industry participants.”

Industry News

ICE delivers Russian-free barrels of ICE Gasoil and expands ESG data in APAC

ICE changed the methodology for Low Sulphur Gasoil futures from previously delivering diesel from any origin, to deliver diesel that does not include any originating from Russia. ICE Gasoil is the global benchmark for refined oil products.

Digital Assets

Gate.io taps Coinfirm for AML/CFT compliance amid licenses in the US, Europe, Hong Kong

“At Gate.io, we continuously strive to mitigate AML/CFT and counterparty risks by integrating best-in-class security measures and safeguards into every part of our operations.”

<