HomeDIGITAL ASSETS REGULATORYworldwide-stablecoinRegulator in Japan Advises Suspending Fiat-to-Crypto P2P Transfers

Regulator in Japan Advises Suspending Fiat-to-Crypto P2P Transfers

The Financial Services Agency (FSA) and the National Police Agency (NPA) are urging banks to enhance the protection of their users. This call comes as a result of increasing concerns over cybersecurity and financial fraud. The FSA and NPA are emphasizing the need for banks to take additional measures to safeguard their customers’ personal and financial information. By implementing stronger security protocols and staying vigilant against potential threats, banks can enhance user protection and maintain trust in the financial system. The FSA and NPA’s joint effort aims to ensure that banks prioritize the safety and security of their users in today’s digital age.

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