Has the Financial Services Agency finally started moving toward establishing a guarantee framework (insurance) for hacks at cryptocurrency exchanges!?
The Financial Services Agency Expected to Move Toward Establishing a Guarantee System (Insurance) for Hacking Damages Announces!
Led by the Financial Services Agency, it is expected to move toward establishing a guarantee system for hacking damages at cryptocurrency exchanges.
If this guarantee system comes to fruition, it is expected to make a major step toward dispelling the negative image of cryptocurrencies.
The Japan Virtual Currency Exchange Association has learned that it is considering obligating member companies to hold safe assets such as deposits and government bonds to prepare for the risk of theft of virtual currencies. This was disclosed by related parties on the 16th.
Quotation:Tokyo Reuters "Crypto industry players to be obliged to hold deposits and government bonds, under industry group rules = sources
Acquisition of the Virtual Currency Exchange Association’s “Self-Regulation Draft”! What prompted the Financial Services Agency to move toward insurance!?
Hacking of cryptocurrency exchanges............Continue here ⇩
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