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Japanese Cryptocurrency Exchanges Tighten Customer Asset Management Rules

The Japan Virtual Currency Exchange Association (JVCEA), a voluntary self-regulatory organization of cryptocurrency exchanges and trading platforms, is considering ways to protect customer assets in the wake of the most recent hack attack, Japan Times reports.

As a rule, cryptocurrency exchanges store the large portion of customers’ assets offline for security reasons, but they have to keep some coins online to make them easily available for transactions. JVCEA plans to limit the n…

This article appeared first on Cryptovest

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