#Liquidity101 🧾 Japan imposes strict law after exchange hack and theft of $305 million

Decision:

• The Japanese parliament has passed a law requiring cryptocurrency platforms to keep user assets in separate custodial accounts.

• The law came after the BitStorage hack and the theft of ¥47.5 billion (~$305M).

What's new?

• Direct supervision by the Financial Services Agency (FSA).

• Immediate implementation in the third quarter of 2025.