Japan cracks down on unregistered crypto exchanges
Japan’s Financial Services Authority (FSA) plans to strengthen internal audit processes at financial institutions, including crypto exchanges. According to a recent statement, the agency aims to address industry gaps and align with global standards in regulatory compliance.
The FSA stated that a roundtable discussion would be used to explore improving internal audits in Japan’s financial sector.
Key participants will include representatives from the Japan Cryptocurrency Exchange Association and other financial industry groups, including the Japan Financial Services Association, Japan Payment Services Association, and Japanese Bankers Association.
This initiative follows a recent FSA monitoring report highlighting weak audit and…
