JVCEA (Japan Virtual Currency Exchange Association) wants to lessen the size of online entries. It was decided after Zaif heist. Japanese FSA is working on creating new policies for protecting its users if something like hack or money loses occurs.
JVCEA’s new policies say that the size of virtual currency will be limited and lessen by around ten percent from the whole users deposit. This decision will start its work after FSA approves it.
The most recent hack occurred at the beginning of the fall. Seven billions of Japanese currency were stolen.
More than half of this is the money of the company’s users. Another hack took its place in January and almost sixty billions were lost. Sixteen organizations trust the JVCEA so they are really interested in better security and protection for their users.