Japan’s FSA Sets New Reserve Fund Rules to Safeguard Crypto Traders
TLDR:
- Japan’s FSA introduces new reserve fund requirements for crypto exchanges.
- Crypto exchanges must maintain reserve funds to protect against losses.
- Japan to strengthen crypto security with new compensation reserves.
- New FSA rules aim to boost crypto investor confidence amid hacks.
- Japan redefines crypto regulations, with insurance and reserve mandates.
Japan’s Financial Services Agency (FSA) plans to introduce a new set of regulations for cryptocurrency exchanges. These rules will require exchanges to maintain reserve funds to protect customers from losses due to hacking or operational failures. The move aims to provide an additional layer of security for crypto traders amid a series of high-profile security…
