Japan’s Financial Services Agency (FSA), will tighten the screening process for crypto exchanges that want to be registered with the regulator.
Currently FSA is undergoing a study to assess, whether the crypto exchanges are properly conducting risk management.
The new measures adopted by the regulator include an increased number of questions asked when screening an application for a crypto exchange. Now the questions will be about 400 or almost 4 times more compared to the older version of the registration protocol.
Currently FSA is undergoing a study to assess, whether the crypto exchanges are properly conducting risk management.
The new measures adopted by the regulator include an increased number of questions asked when screening an application for a crypto exchange. Now the questions will be about 400 or almost 4 times more compared to the older version of the registration protocol.