Japan's FSA Tightens Exchange Listing Rules After Memecoin Volatility
New screening criteria will require quantitative liquidity thresholds and on-chain ownership disclosures before listing.
Japan's Financial Services Agency on Wednesday published revised listing screening criteria for licensed crypto exchanges, responding to a wave of memecoin volatility that regulators said exposed retail investors to outsized losses earlier this year.\n\nThe revised criteria, which take effect in 60 days, require exchanges to evaluate quantitative liquidity metrics, on-chain holder concentration, and the identity of large pre-listing holders before adding new tokens. The agency also said it would publish quarterly statistics on delistings.
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