Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Today in crypto, Japan’s financial regulator is preparing to require exchanges to hold liability reserves for customer assets. Crypto investment products have seen nearly $5 billion in outflows over the past four weeks, though late-week inflows suggest sentiment may be stabilizing. Meanwhile, the New York Stock Exchange has approved Grayscale’s Dogecoin and XRP funds for trading.
The Financial Services Agency in Japan will reportedly require cryptocurrency exchanges to maintain liability reserves as part of measures to guard against hacks or unforeseen events.
According to a Monday Nikkei report, Japan’s FSA will revise its requirements for local companies to include methods for quickly compensating users affected by security breaches or other causes. The financial watchdog reportedly cited recent hacks of global exchanges as part of the reason behind the change.
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