Japan's Financial Services Agency (FSA) has released a draft policy on strengthening cybersecurity for cryptocurrency exchanges and is soliciting public comments.

PANews reported on February 11th that, according to Coinpost, Japan's Financial Services Agency (FSA) has released a draft policy on strengthening cybersecurity for cryptocurrency exchanges and is soliciting public comments until March 11th. The draft policy points out that cyberattacks against cryptocurrency exchanges are becoming increasingly sophisticated, with social engineering and indirect attacks via outsourced service providers on the rise. Relying solely on cold wallets is insufficient to guarantee security, necessitating strengthened security management across the entire supply chain. The draft also addresses suspected state-sponsored attacks, emphasizing the importance of asset protection from the perspective of national wealth preservation.

The plan is based on three pillars: self-help, collaborative assistance, and public assistance. In terms of self-help, it plans to strengthen the cybersecurity self-assessment of the cryptocurrency exchange industry starting from fiscal year 2026 and improve security standards. In terms of collaborative assistance, it will strengthen the functions of industry self-regulatory associations and promote enterprises to participate in information sharing organizations. In terms of public assistance, it will continue to carry out international joint research, plan to achieve full industry participation in cybersecurity exercises within three years, and conduct real-world penetration tests on some operators in 2026.