Japan’s FSA Weighs New Registration Rules for Crypto Custodians and Service Providers

Japan’s Financial Services Agency (FSA) is moving to tighten oversight of the country’s digital asset infrastructure, proposing new registration rules for crypto custodians and trading service providers. Key Takeaways: Japan’s FSA plans new registration rules requiring crypto firms to register with regulators before working with exchanges. The proposal follows the 2024 DMM Bitcoin hack, which exposed vulnerabilities in outsourced trading management systems. The initiative comes amid Japan’s effort to ...