Japan to require crypto exchanges to bolster internal oversight: source | News | The Mighty 790 KFGO

Japan’s financial regulator will require cryptocurrency exchanges to strengthen internal oversight of the so-called “cold wallets” used to store digital money, a source with direct knowledge of the matter told Reuters on Tuesday.

The move by the Financial Services Agency (FSA) highlights the difficulties in ensuring security of virtual currencies, as well as the broader risks for Japan as it aims to leverage the fintech industry to stimulate economic growth.

via Japan to require crypto exchanges to bolster internal oversight: source | News | The Mighty 790 KFGO.