Japan’s Financial Services Agency and National Police Agency asked cryptocurrency exchanges on Aug. 6 to introduce withdrawal delays, address registration and stronger fraud controls as authorities respond to rising scam losses involving digital assets.Â
Summary
- Japan’s FSA asked crypto exchanges to delay certain withdrawals as authorities respond to rising scams.
- Exchanges should pre-register withdrawal addresses and impose waiting periods before newly added destinations become usable.
- Japan recorded 18,067 fraud cases through May, with losses reaching 151.47 billion yen.
- The FSA wants stronger monitoring, phishing-resistant authentication, personalized limits and…
