Regulation· ★★★· neutral· September 18, 10:50

Japan regulator suspects exchanges of steering trades through 'sales points'

—Japan's FSA discussed with the crypto exchange association the risk of steering clients into 'sales points'
—In a 'sales point' the platform is the counterparty and earns on the spread; on an exchange it earns only a commission
—The regulator cites the duty to act in clients' interests in force since November 2024
—Talks are planned on UI design and industry self-regulatory rules

Why it matters: If the regulator tightens interface requirements, Japanese exchanges could lose some spread revenue while clients gain more transparent trading terms.

Source: PANews