[Japan Financial Services Agency Proposes New Regulations Requiring Crypto Custody Service Registration] The Japan Financial Services Agency (FSA) is considering introducing a new regulatory framework that would require digital asset custodians and transaction management service providers to register with the authorities before offering services to cryptocurrency exchanges. This topic was discussed at the Financial System Council working group meeting on November 7, aiming to close regulatory gaps and prevent incidents like the 2024 DMM Bitcoin hack, which resulted in losses of approximately $31.2 billion. The FSA plans to compile the discussion results and intends to submit an amendment to the Financial Instruments and Exchange Act during the regular parliamentary session in 2026.