VECS Smartframe

Japan’s Financial Services Agency (FSA) plans to require crypto exchanges to maintain customer compensation reserves in cases of hacks or operational failures, Nikkei reported Tuesday. The FSA will submit a bill to parliament in 2026 mandating exchanges to establish liability reserves covering losses from unauthorized access—aimed at ensuring swift reimbursement to affected users. This move responds to major security breaches, including the ¥48.2 billion ($308.5 million) DMM Bitcoin theft in ...