Japan’s FSA says every crypto exchange has to hold cash reserves like stock brokers do.
Big hacks like DMM and Bybit pushed this; they also want bulletproof bankruptcy rules.
Might move BTC, ETH and tons of alts under the stricter investment law instead of the old payment rules.
Japan’s FSA is getting serious about protecting crypto users. They want every exchange to keep a pile of cash on hand. Just like securities firms do, so if a hack or a mistake happens, customers get paid quickly.
Think billions of yen, depending on the exchange size and past drama. Final numbers come in 2026, and smaller platforms might cover part of it with insurance instead.
Right now exchanges already stash most coins in cold wallets, but big hacks like DMM Bitcoin losing 48 billion yen last year and Bybit dropping $1.46 billion in February showed that’s not enough. The FSA also wants crystal clear rules for bankruptcies.
Customer funds stay completely separate, and an independent admin
We współpracy z: https://thenewscrypto.com/japans-fsa-pushes-stricter-crypto-rules/
