🇯🇵 BREAKING NEWS: Japan Forces Crypto Exchanges to Set Up Compensation Funds 📉

New Regulations by Japan's Financial Services Agency (FSA) Put Financial Pressure on Exchanges

Negative Impact (Exchanges): FSA Requires Exchanges to Set Up Reserve Funds to Compensate Investors in the Event of Hacks (After the $312 Million DMM Bitcoin Loss). This increases operating costs and may reduce profits for major exchanges operating in Japan

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Positive Impact (Investors): In the long term, the regulation increases investor confidence and security, making the Japanese Crypto market more transparent and stable

Trade Note: This news may put slight selling pressure on tokens of exchanges or partners based in Japan, but is positive macro news for long-term legalization #BTC TCRebo

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