Japan’s Financial Services Agency is proposing legislation for crypto exchanges to maintain liability reserves, similar to traditional securities firms, to compensate customers after hacks like Mt. Gox and DMM Bitcoin. This aims to restore trust in the market amid ongoing security breaches. Japan’s crypto sector faces renewed scrutiny after major hacks, prompting stricter regulations. The [.] Source:.
https://bitcoinethereumnews.com/bitcoin/japan-proposes-liability-reserves-for-bitcoin-exchanges-after-major-hacks/