Japan FSA Asks Crypto Exchanges for Withdrawal Delays to Curb Scams

Japan's Financial Services Agency (FSA) has called on domestic cryptocurrency exchanges to implement temporary withdrawal delays and enhanced security measures to combat rising fraud and account misuse.

Under the proposed guidelines, exchanges are asked to introduce withdrawal delays alongside mandatory address registration, customer-specific transaction limits, and stronger authentication protocols. The initiative forms part of a broader regulatory effort by Japanese authorities to secure exchange accounts and protect users from fraudulent activities.