Japan’s Financial Services Agency (FSA) has proposed new measures to bolster user protection against illicit transactions to crypto exchange platforms, according to a Feb. 14 recommendation to Japanese banks. The directive emphasized the need for banks to proactively protect their users from the risks attached to “unlawful money transfers” via “crypto-assets.” Therefore, the regulator, in […]
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Japan urges banks to screen crypto transfers in crackdown on ‘unlawful money transfers’