Japanese Regulator Sets Sights on ‘Cold Wallet’ Security

FSA – Japan’s financial regulator – will set new requirements for cryptocurrency exchanges aiming to improve the safekeeping of cryptocurrency storage within so-called “cold wallets” – Reuters reports.

Last year, Japanese cryptocurrency exchanges were prompted to shift from internet-connected “hot wallets” onto offline “cold wallets” by FSA’s restrictions of “hot wallets” use, due to their insufficient security.

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