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#交易平台服务 From this news, I see that Japan's financial regulatory authority is strengthening its regulatory efforts on the Crypto Assets industry. They require custodial and trading system service providers to sign up, which is clearly to enhance the security and transparency of the entire ecosystem. From the perspective of on-chain data analysis, this new regulation may have some impact on the flow of funds in the Japanese Crypto Assets market. In the short term, we might see some funds being transferred from unregistered service providers to registered ones. In the long run, this helps establish a more regulated and secure market environment, which may attract more institutional investors. I will closely follow the on-chain fund flows of Japanese Crypto Assets exchanges to assess the actual impact of this policy.

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