Japan Moves to Tighten Crypto Oversight With New Liability Reserve Rules

Japan’s Financial Services Agency (FSA) is taking another major step toward strengthening investor protection in the digital asset sector. The regulator is preparing a new mandate requiring cryptocurrency exchanges to maintain liability reserves, bringing the industry closer to the standards imposed on banks and traditional brokerages. source: https://www.ethnews.com/japan-moves-to-tighten-crypto-oversight-with-new-liability-reserve-rules/