Japan to Tighten Oversight on Crypto Infrastructure After $3B DMM Bitcoin Breach

Japan’s Financial Services Agency (FSA) is drafting new rules that would require crypto system providers to register in advance before offering their platforms to exchanges. The move follows last year’s massive DMM Bitcoin hack, where roughly ¥48. 2 billion ($3 billion) worth of Bitcoin was stolen through compromised software source: https://www.ethnews.com/japan-to-tighten-oversight-on-crypto-infrastructure-after-3b-dmm-bitcoin-breach/