Japan FSA asks crypto exchanges to impose withdrawal delays to fight scams
60-second summary
Japanese authorities are urging crypto exchanges to impose withdrawal delays to combat scams, while also requiring address registration, customer-specific limits, and stronger authentication measures. This push aims to curb misuse of exchange accounts, with specific details yet to be disclosed. The move is expected to enhance security and protect investors in Japan's crypto market.
Japanese authorities called for address registration, customer-specific limits and stronger authentication as part of a broader push to curb misuse of exchange accounts.