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Japan to Tighten Oversight of Third-Party Crypto System Providers

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Japan to Tighten Oversight of Third-Party Crypto System Providers

Japan’s Financial Services Agency (FSA) is preparing new regulations that would introduce a prior notification system for companies that provide management systems to crypto exchanges. The proposal, discussed by a working group under the Financial System Council on November 7, aims to strengthen oversight of third-party service providers that handle exchange operations, according to a report from Nikkei.

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