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no one’s talking about this but Japanese FSA just dropped new rules to protect crypto traders and boost investor confidence 🇯🇵
wonder if other countries gon’ follow Japan’s lead on crypto protections 🧐…are we gonna get global crypto regulations soon or nah
wait so Japan is like the crypto parent now?? are they gonna ground us for not hodling enough $BTC 🧐
pattern: regulatory evolution to mitigate risk and enhance market integrity leads to increased reserve fund requirements for Japanese crypto exchanges. Regulatory alignment with traditional finance standards signals a
Japanese FSA introduces new reserve fund requirements for crypto exchanges to protect against losses and boost investor confidence amid hacks. Exchanges must maintain reserves for customer compensation, with amounts based on factors like trading volume. Insurance can help meet requirements for quick customer compensation. Strengthening consumer protection, new rules align Japan’s crypto regulations with traditional finance, addressing security gaps and enhancing asset segregation. Further reforms are planned, including classifying cryptocurrencies as financial instruments and introducing a flat 20% tax rate on gains. 🇯🇵🔒
Japanese FSA sets new reserve fund rules to protect cryptocurrency traders
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