Japan’s New Crypto Regulations: A Template for Global User Protection
Japan is stepping up its game in the crypto regulation arena. They’ve decided that exchanges need to maintain liability reserves. Why? To protect users from hacks and security breaches, of course. It’s a big move that could potentially increase consumer trust and set a precedent for other countries still trying to figure out how to deal with digital assets. Let’s dive into what this could mean for the crypto world, especially for those small fintech startups trying to make their mark.
Why Liability Reserves Matter for Crypto Payroll Compliance
The Financial Services Agency (FSA) in Japan is now requiring all crypto exchanges operating within its borders to keep these liability reserves. The goal is simple: make sure users get…
