Japan’s Financial Services Agency (FSA) is tightening its registration screening for cryptocurrency exchange operators, local news outlet The Japan Times reported on Sunday.
Unnamed sources have told the publication that the FSA is introducing new registration rules in order “to see whether they [crypto exchanges] are properly conducting risk management”. The changes include an increased “number of questions asked when screening applications to about 400 items, up fourfold”.
Along with the bolstering of the regulatory questionnaire, the FSA will also reportedly require access to reviews of the composition of the companies’ shareh...
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