You may hate Japan, but its financial protection is truly undeniable!

The Japan Financial Services Agency has taken strong measures again, requiring all crypto platforms to establish a "responsibility reserve fund" specifically to compensate users for losses caused by platform vulnerabilities or exits. In other words, it is a strong insurance for investors' funds.
What is the brilliance of this policy? It directly brings the "black box operations" and "price manipulation" of exchanges into the sunlight. Think about how certain platforms used to pull the plug or have mysterious liquidations; under this set of rules in Japan, such deceptive practices will become extremely rare—because once something goes wrong, the trading profits will first be used from their own reserves to compensate the clients.
You may not like Japan, but in terms of financial consumer protection, they are indeed ahead of the world. They regulate cryptocurrency as a legitimate financial industry, rather than treating it as a lawless area. When the market has its bottom line and rules, true innovation and competition can begin. This is undoubtedly a shot in the arm for the entire industry! #非农数据超预期