In brief
- Japan’s FSA is preparing rules that would require crypto exchanges to hold liability reserves and end the cold-wallet exemption, with legislation planned for 2026.
- The move follows a series of major breaches as Japan continues working through the long aftermath of the Mt. Gox collapse.
- The FSA is also weighing new rules for vendors that provide wallet-management systems, reflecting concerns that outsourced software has become a critical weak link.
Japan’s financial regulator is moving to mandate that crypto exchanges in the country maintain liability reserves to protect customers from losses stemming from hacks and security breaches.
The Financial Services Agency plans to submit legislation to parliament in 2026 that would…
Nov 25 2025
