TechFlow news, November 10 — According to The Block, Japan's Financial Services Agency (FSA) is considering introducing a new regulatory framework that would require digital asset custodians and transaction management service providers to register with authorities before offering services to cryptocurrency exchanges. As reported by Nikkei, this topic was discussed during the Financial System Council's working group meeting on November 7. The new regulations aim to close existing regulatory gaps and prevent security incidents similar to the 2024 DMM Bitcoin hack, which resulted in losses of approximately $312 million. The FSA plans to compile the discussion outcomes and intends to submit an amendment to the Financial Instruments and Exchange Act during the 2026 ordinary Diet session.
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