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Spooked by FTX collapse, Japan’s FSA prepares laws to prevent domestic crypto asset loss

Spooked by FTX collapse, Japan’s FSA prepares laws to prevent domestic crypto asset loss


Cryptopolitan
2024-11-06 01:15:26

Japan’s Financial Services Agency (FSA) is reportedly preparing laws to help prevent the outflow of domestic assets in the case of FTX-type trouble with crypto exchanges based overseas. The state regulator is looking to establish a “holding order” in the country’s Payment Services Act. Ostensibly in reaction to a narrowly dodged bullet with the collapse


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