Amid FTX's burning wreckage, Japan outpost promises asset withdrawals in February — Well what do you know – plenty of hard-nosed regulation by central authorities actually protected investors

TL;DR

Collapsed crypto exchange FTX's Japanese outpost has told customers it will permit them to withdraw assets in February. The result of all that lawmaking is that crypto exchanges in Japan are required to register with the Financial Services Agency, demonstrate they can comply with anti-money-laundering laws and similar regulations, set aside capital reserves, and separate customer and exchange assets. Just not operating well enough that FTX Japan can set a date on which customers will be able to log in

Like summarized versions? Support us on Patreon!