Japan's Financial Services Agency releases "Draft Guidelines for Strengthening Cybersecurity for Crypto Exchanges" and opens for public comments

PANews, February 11 — According to Coinpost, Japan’s Financial Services Agency has released the draft “Cybersecurity Enhancement Guidelines for Cryptocurrency Exchanges” and has begun soliciting public comments, with a deadline of March 11. The draft plan states that as cyberattack methods targeting cryptocurrency exchanges become increasingly sophisticated, with an increase in social engineering and indirect attack methods such as intrusion through outsourcing service providers, relying solely on cold wallets is no longer sufficient to ensure security. It emphasizes the need to strengthen security management across the entire supply chain. The draft also mentions suspected state-sponsored attacks, highlighting the importance of asset protection from the perspective of national wealth preservation.

The plan is based on three pillars: self-help, mutual help, and public help. For self-help, it proposes to enforce cybersecurity self-assessments for the crypto exchange industry starting from fiscal year 2026 and to raise security standards; for mutual help, it will strengthen the functions of industry self-regulatory associations and promote corporate participation in information-sharing organizations; for public help, international joint research will continue, with plans to have the entire industry participate in cybersecurity drills within three years, and to conduct real-world penetration testing on some operators by 2026.

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