Japan to implement strict regulations on crypto exchanges, requiring liability reserves to protect consumers. Changes ahead for the industry.

Japan's Financial Services Agency (FSA) will require crypto exchanges to establish liability reserves as part of efforts to enhance consumer protection in the industry. This move signals a major shift in the market regulations, aiming to ensure the safety and security of cryptocurrency transactions. The exact amount of reserves required by the FSA has not been disclosed yet, but this development is expected to bring about crucial changes for the crypto exchange sector in Japan.