Japan to require crypto exchanges to establish liability reserves, according to Nikkei.
Japan's financial watchdog intends to mandate that cryptocurrency exchanges set aside reserves against liabilities, in the hopes of creating protectionn for investors and other customers if an exchange is hacked or hit by another event that leads to lost funds, Nikkei reports. Publicly traded companies in the space include Bit Digital (BTBT), Bitfarms (BITF), Circle Internet (CRCL), Coinbase (COIN), Core Scientific (CORZ), Greenidge Generation (GREE), Mara Holdings (MARA), Riot Platforms (RIOT), Strategy (MSTR), Stronghold Digital Mining (SDIG) and TeraWulf (WULF).