The post Japan Mandates Reserve Funds for Crypto Platforms appeared first on Coinpedia Fintech News Japan’s Financial Services Agency is planning new rules that will require crypto exchanges to set up mandatory reserve funds. These funds will be used to cover losses from hacks, unauthorized access, or any other asset outflow incidents, allowing faster customer compensation. The proposal, developed by the Financial System Council’s working group, aims to strengthen investor …The post Japan Mandates Reserve Funds for Crypto Platforms appeared first on Coinpedia Fintech News Japan’s Financial Services Agency is planning new rules that will require crypto exchanges to set up mandatory reserve funds. These funds will be used to cover losses from hacks, unauthorized access, or any other asset outflow incidents, allowing faster customer compensation. The proposal, developed by the Financial System Council’s working group, aims to strengthen investor …
Japan Mandates Reserve Funds for Crypto Platforms
The post Japan Mandates Reserve Funds for Crypto Platforms appeared first on Coinpedia Fintech News
Japan’s Financial Services Agency is planning new rules that will require crypto exchanges to set up mandatory reserve funds. These funds will be used to cover losses from hacks, unauthorized access, or any other asset outflow incidents, allowing faster customer compensation. The proposal, developed by the Financial System Council’s working group, aims to strengthen investor protection and market stability. The recommendations will be included in the council’s upcoming report for policy implementation.
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