Metamask

Coin

<ul class="wp-block-list news-points">
 <li>Japan’s FSA clarifies its position on non-custodial wallet services utilizing authentication technology.</li>
 <li>The FSA says these wallets do not qualify as crypto asset trading businesses.</li>
 <li>This decision seeks to eliminate legal uncertainties within the crypto industry.</li>
</ul>
Japan’s Financial Services Agency (FSA) has said that non-custodial wallet services using authentication technology are not crypto asset trading businesses. This decision, made through the “gray area elimination system,” aims to eliminate legal uncertainties within the crypto industry.
With a non-custodial wallet, users can store and manage assets securely. The wallet lets users keep complete control over their private keys, without central administrators, a decentralized approach used by industry leaders Metamask and Phantom.
The FSA’s recent judgment on non-custodial wallets was made under the Industrial Competitiveness Enhancement Act. The gray area elimination system, which is a key part of the act, aims to foster innovation by making regulatory frameworks for emerging businesses clearer. In this process, the Ministry of Economy, Trade and Industry asks the Financial Services Agency …
The post <a href="https://coinedition.com/japans-fsa-simplifies-crypto-rules-for-non-custodial-wallets/" rel="noopener noreferrer nofollow">Japan’s FSA Simplifies Crypto Rules for Non-Custodial Wallets</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Japan’s FSA Simplifies Crypto Rules for Non-Custodial Wallets

Coin Edition

Other articles published on Oct 9, 2024

CHINPEPE Solana Memecoin to Surge 19,000% Before Exchange Listings, As SHIB and DOGE Lag

EigenLayer (EIGEN) Makes Strong Recovery with Double-Digit Gains: What’s Ahead?

Self-Custody Takes Center Stage: Wirex Pay’s Secure Approach to Crypto Spending

The Best Crypto Presale Live in 2024! Don’t Miss Out on MoonBag’s Massive Bonuses

Four Whales Pounce on Binance Announcement: This Altcoin Heads for New Heights!

Bitcoin Dogs Could Be the Next $1 Billion Token- Here’s What You Need to Know

Join our free newsletter for daily crypto updates!