{"id":18323,"date":"2025-11-25T04:05:27","date_gmt":"2025-11-25T03:05:27","guid":{"rendered":"https:\/\/wsj-crypto.com\/?p=18323"},"modified":"2025-11-25T04:05:27","modified_gmt":"2025-11-25T03:05:27","slug":"japans-watchdog-says-exchanges-must-keep-safety-funds-new-report","status":"publish","type":"post","link":"https:\/\/wsj-crypto.com\/index.php\/2025\/11\/25\/japans-watchdog-says-exchanges-must-keep-safety-funds-new-report\/","title":{"rendered":"&#8220;Japan&#8217;s Watchdog Says Exchanges Must Keep Safety Funds: New Report&#8221;"},"content":{"rendered":"\n<div data-v-0ccfa88e=\"\">\n<p>Exciting news from Japan! The Financial Services Agency (FSA) is stepping up its game by requiring cryptocurrency exchanges to set aside liability reserves, all to better protect against hacks and unexpected events.<\/p>\n<p>According to a report from Nikkei, the FSA will <a href=\"https:\/\/asia.nikkei.com\/spotlight\/cryptocurrencies\/japan-to-require-crypto-exchanges-to-set-aside-liability-reserves\" rel=\"noopener nofollow\" target=\"_blank\">update<\/a> its rules for local companies to ensure they can quickly compensate users who get affected by security issues or other challenges. The FSA highlighted recent hacking incidents at international exchanges as a key motivator for this change.<\/p>\n<p><iframe title=\"The Mt.Gox scam and Japanese crypto regulation | Cointelegraph Documentary\" width=\"814\" height=\"458\" src=\"https:\/\/www.youtube.com\/embed\/5aNlhB6O3V8?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>On Wednesday, the Financial System Council\u2014an advisory group to the FSA\u2014will release a report likely recommending that crypto firms create these new liability reserve funds.<\/p>\n<p>This move comes on the heels of reports that the FSA is looking into regulations that might let banks buy and hold cryptocurrency assets. Japan has a vibrant crypto scene, with about 12 million registered accounts as of February, all set against a population of around 123 million.<\/p>\n<p data-ct-non-breakable=\"undefined\"><em><strong>Related: <\/strong><\/em><a href=\"https:\/\/cointelegraph.com\/news\/softbank-paypay-binance-payments-japan-investment\"><em><strong>SoftBank\u2019s PayPay shakes things up for Binance Japan users<\/strong><\/em><\/a><\/p>\n<h2>New Yen-Pegged Stablecoin Hits the Scene<\/h2>\n<p>In an exciting development, Tokyo-based fintech firm JPYC has officially launched a new digital asset pegged to the Japanese yen after establishing regulations recognizing its potential! The JPYC stablecoin is backed dollar-for-dollar by bank deposits and government bonds.<\/p>\n<p>Last year, Japanese regulators <a href=\"https:\/\/cointelegraph.com\/news\/japan-passes-bill-to-limit-stablecoin-issuance-to-banks-and-trust-companies\" rel=\"nofollow noopener\" target=\"_blank\" title=\"https:\/\/cointelegraph.com\/news\/japan-passes-bill-to-limit-stablecoin-issuance-to-banks-and-trust-companies\">banned non-bank institutions<\/a> from issuing stablecoins. However, the FSA <a href=\"https:\/\/cointelegraph.com\/news\/japan-approves-first-yen-stablecoin-jpyc\" rel=\"nofollow noopener\" target=\"_blank\" title=\"https:\/\/cointelegraph.com\/news\/japan-approves-first-yen-stablecoin-jpyc\">hinted in August<\/a> that it might approve the first yen-backed token by 2026. <\/p>\n<p>Many of Japan&#8217;s biggest financial institutions, like Mitsubishi UFJ Financial Group and Mizuho Bank, have already launched their stablecoin issuance platform called Progmat in 2023 and are reportedly on the lookout for their own tokens as well. <\/p>\n<p>Even Monex Group, another major player in Japan\u2019s financial scene, is considering launching its own yen-pegged stablecoin.<\/p>\n<p><template data-ct-widget=\"buzzsprout\" data-buzzsprout-podcast-id=\"2040516\" data-buzzsprout-episode-id=\"18230177\"\/><\/p>\n<p data-ct-non-breakable=\"undefined\"><em><strong>Magazine: <\/strong><\/em><a href=\"https:\/\/cointelegraph.com\/magazine\/bitcoin-holder-metaplanet-btc-buys-south-korea-stablecoin-asia-express\/\"><em><strong>Bitcoin whale Metaplanet \u2018underwater\u2019 but eyeing more BTC: Asia Express<\/strong><\/em><\/a><\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\" data-ct-non-breakable=\"undefined\" label=\"Subscription Form: Markets Outlook\"\/><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/cointelegraph.com\/news\/japan-fsa-crypto-exchanges-liability-reserves-report?utm_source=rss_feed&#038;utm_medium=rss_tag_regulation&#038;utm_campaign=rss_partner_inbound\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Exciting news from Japan! The Financial Services Agency (FSA) is stepping up its game by requiring cryptocurrency exchanges to set aside liability reserves, all to better protect against hacks and unexpected events. According to a report from Nikkei, the FSA will update its rules for local companies to ensure they can quickly compensate users who<\/p>\n","protected":false},"author":3,"featured_media":18324,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[4364],"class_list":{"0":"post-18323","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy-and-markets","8":"tag-return-a-list-of-comma-separated-tags-from-this-title-japanese-watchdog-to-require-exchanges-to-hold-liability-reserves-report"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>&quot;Japan&#039;s Watchdog Says Exchanges Must Keep Safety Funds: New Report&quot; - WSJ-Crypto<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wsj-crypto.com\/index.php\/2025\/11\/25\/japans-watchdog-says-exchanges-must-keep-safety-funds-new-report\/\" \/>\n<meta property=\"og:locale\" content=\"it_IT\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"&quot;Japan&#039;s Watchdog Says Exchanges Must Keep Safety Funds: New Report&quot; - WSJ-Crypto\" \/>\n<meta property=\"og:description\" content=\"Exciting news from Japan! The Financial Services Agency (FSA) is stepping up its game by requiring cryptocurrency exchanges to set aside liability reserves, all to better protect against hacks and unexpected events. 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