🇯🇵 Japanese cryptocurrency industry group plans to tighten rules on asset management after thefts

A group of cryptocurrency exchange operators plans to tighten self-regulatory measures it follows on the management of customer assets in the wake of another hacking incident in early September that resulted in $7 billion yen stolen from an Osaka-based startup, Tech Bureau Corp.. The Japan Virtual Currency Exchange Association will set a ceiling -- likely 10 to 20 percent of customer deposits -- on the amount of digital currencies managed online, according to sources.

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