#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.
