Japan’s Financial Services Agency (FSA) is set to mandate cryptocurrency exchanges to maintain liability reserves for compensating users in case of hacks or unforeseen events, enhancing user protection in the crypto sector. The Financial System Council, an advisory body to the FSA, will release a report recommending these reserves following recent global exchange hacks. Japan’s […]
Source: https://en.coinotag.com/japans-fsa-panel-may-recommend-crypto-reserve-funds-to-cover-hacks