Japan's Financial Services Agency (FSA) is set to introduce a requirement for cryptocurrency exchanges to establish mandatory reserve funds. This move aims to ensure that exchanges can swiftly compensate customers in the event of losses due to unauthorized access or other asset outflow incidents. The measure will be included in an upcoming report by the Financial System Council’s working group, highlighting Japan's proactive approach to enhancing consumer protection in the crypto sector.
Japan to Mandate Reserve Funds for Crypto Exchanges
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