Japan FSA Seeks New Crypto Exchange Safeguards Against Fraud

Crypto Exchanges Urged To Add New Withdrawal Restrictions To Combat Rising Fraud

Authorities are asking crypto exchanges to add new withdrawal restrictions to combat rising fraud. Japan’s Financial Services Agency and the National Police Agency are jointly urging the Japan Cryptocurrency Exchange Association to strengthen safeguards against fraud involving cryptocurrencies. The request comes amid increasing complexity of criminal methods, expanding damage to exchange customers, and cases in […]

Japan FSA pushes crypto withdrawal delays after scam surge

Japan’s FSA asked crypto exchanges to add withdrawal delays, address registration and stronger monitoring as digital-asset scam losses rise.

Japan FSA Seeks New Crypto Exchange Safeguards Against Fraud

Japanese authorities called for address registration, customer-specific limits and stronger authentication as part of a broader push to curb misuse of exchange accounts.

Japan's FSA presses crypto exchanges on scams and cyber reporting

Japan’s Financial Services Agency (FSA) advanced its regulatory march this week with a new set of rules on how it expects crypto exchanges to report cyberattacks and handle withdrawals flagged for scams. Per local reports, the latest recommendations that the regulator is pushing include a single form format for exchanges, as well as other tech sectors, to escalate breaches to the proper channels. The other involves how platforms move Japanese us…

Japan Plans Crypto Withdrawal Delays Under New Anti-Fraud Rules

Summary: Japan wants crypto exchanges to delay certain withdrawals to combat scams. New wallet addresses could require preregistration before transfers. […] The post Japan Plans Crypto Withdrawal Delays Under New Anti-Fraud Rules appeared first on CoinsPress.