CandleFocus
Japan’s FSA pushes for stronger internal audits in crypto exchanges
2024-12-26
Author: Content Editor
The Financial Services Agency (FSA) in Japan has called for stronger internal audits and closer scrutiny of crypto exchanges in its 2024 monitoring report. The FSA plans to update its guidelines for auditing measures to comply with international trends and will hold a "Roundtable on the Improvement of Internal Audits at Financial Institutions" in January 2025. This comes in response to recent cyber attacks on Japanese crypto exchange DMM Bitcoin, which are believed to be linked to North Korean hackers. The roundtable will include representatives from the banking sector and the Japan Cryptocurrency Exchange Association.
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