On December 1, PANews reported, according to Ledger Insights, that Japan is considering new lightweight legislation for cryptocurrency intermediary institutions (non-cryptocurrency exchanges). Last week, the Financial Services Agency (FSA) presented its ideas to the Financial System Council's Payment Services Working Group. Intermediaries are obligated to provide information to users. Intermediaries will be subject to advertising restrictions and may also bear liability for damages if problems arise. The FSA is considering how to handle losses. Currently, regulations require other financial service intermediaries that do not belong to large groups to deposit margin to cover potential losses. If an intermediary is affiliated with a cryptocurrency exchange, the losses may be borne by the exchange.