PANews reported on December 1 that according to Ledger Insights, Japan is considering new lightweight legislation for cryptocurrency intermediaries (non-cryptocurrency exchanges). Last week, the Financial Services Agency (FSA) presented its ideas to the Payment Services Working Group of the Financial System Committee. Intermediaries are obliged to provide information to users. Intermediaries will be subject to advertising restrictions and may also be liable for damages if problems arise. The FSA is considering how to deal with losses. Currently, regulations for other financial service intermediaries that are not part of large groups require a deposit to cover potential losses. If the intermediary is affiliated with a cryptocurrency exchange, the losses may be borne by the exchange.