Japan Tightens Crypto Rules After Major Hack: New System Registration Requirement

Facing the fallout of a massive Bitcoin hack, Japan’s Financial Services Agency (FSA) is enacting stricter regulations on crypto infrastructure. To enhance security and accountability, new rules require pre-registration for providers of platform systems before they can operate in the country. The move follows last year’s DMM Bitcoin breach, where hackers stole approximately $3 billion worth of digital currency through compromised software. This shift focuses regulatory attention away from exchanges towards the underlying technology powering crypto operations.