According to the news from the Coin World Network, on November 29, 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. The FSA gave an example of a gaming application or a self-hosted wallet providing access to a third-party application for cryptocurrency trading services and then switching back to the original application. In many cases, the FSA may believe that the application operator acts as an intermediary and therefore needs to register as a cryptocurrency exchange. However, if an organization purely acts as an introducer and never touches any funds, this is quite onerous. Therefore, the government is considering some looser proposals that require intermediaries to register as intermediaries. Intermediaries are obliged to provide information to users and will be subject to advertising restrictions. If problems arise, they may also be liable for damages. The FSA is considering how to deal with losses. Currently, regulations for other financial services intermediaries that are not part of a large group require a deposit to cover potential losses. If the intermediary is affiliated with a cryptocurrency exchange, the loss may be borne by the exchange.