Japan: Cryptocurrency Industry Group Plans to Tighten Rules on Asset Management after Thefts

The Japan Times

A group of cryptocurrency exchange operators plans to tighten self-regulatory measures it follows on the management of customer assets in the wake of another hacking incident in early September, informed sources said Saturday. The Japan Virtual Currency Exchange Association will set a ceiling on the amount of digital currencies managed online, according to the sources. The ceiling is likely to be around 10 to 20 percent of customer deposits, they said.

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