bitFlyer, Japan’s largest cryptocurrency exchange, announced on Oct. 2 that it will introduce a new “cool-down” measure starting Oct. 15 that partially restricts external transfers of crypto assets for 48 hours after Japanese yen deposits. The policy aims to prevent fraud losses and illicit fund transfers, targeting individual users who completed identity verification less than 90 days ago.

Under the new system, when eligible users deposit Japanese yen, they will be unable to send crypto assets equivalent to the total deposit amount (excluding fees) minus ¥100,000 (approximately $630) to external addresses for 48 hours after the deposit. If the total deposit is ¥100,000 or less, no restriction applies.

For deposits made in multiple…