FSA Cracks Down on Unregistered Crypto Exchanges
Japan Tightens Crypto Regulations
As part of a broader strategy, Japan is reinforcing its regulatory framework to protect individual investors and maintain market integrity. The FSA is also working on legislation to prevent domestic assets from being siphoned overseas in the event of a foreign exchange’s bankruptcy.
Users engaging with unregistered platforms are deprived of the legal protections offered under Japanese law. In cases of disputes, security breaches, or insolvencies, they may find themselves with limited recourse for compensation. Registered exchanges, on the other hand, are required to implement robust asset segregation practices and operate transparently under the law.
A Wake-Up Call for Crypto Investors
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