Japan's Financial Services Agency plans to require cryptocurrency exchanges to establish mandatory reserves
2025-11-25 00:50:31
According to Nikkei coverage, Japan's Financial Services Agency plans to require crypto-asset (virtual currency) exchanges to establish mandatory liability reserves to deal with asset outflows caused by improper access, and to quickly compensate users in the event of an accident. The Financial Review Committee working group will include this institutional arrangement in a recently released report, and the Financial Services Agency will move forward with specific rules.
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