The Japanese Financial Services Agency (JFSA) has announced plans to host a seminar on January 25th in collaboration with the Japan Virtual Currency Exchange Association (JVCEA). This seminar will focus on internal audits for financial institutions dealing with cryptocurrencies. The seminar is a response to recent incidents such as the DMM bitcoin hack, which highlighted the need for improved risk management practices within the cryptocurrency industry. The JFSA recommends that cryptocurrency businesses implement multi-factor authentication and closely monitor any suspicious transactions. By taking these steps, cryptocurrency businesses can strengthen their internal controls and reduce their vulnerability to cyberattacks and other threats.