Crypto

Japan FSA raises concerns over crypto firms steering users to dealer model

Japan\'s Financial Services Agency has voiced concern that crypto firms may steer users toward the more profitable dealer model, and plans to examine whether trading screen layouts and guidance nudge customers into unfavorable choices. It said it discussed the issue with an industry body in July. The agency will continue talks based on firms\' legal duty to act fairly. It will also tighten face-to-face ID verification from April 2027 and urged compliance with FATF-related measures.

Industry

SK On signs 160 billion won LFP cathode material supply deal with L&F

SK On said it signed a supply contract with L&F for LFP cathode materials used in batteries made from lithium, phosphate and iron. The contract runs from Sept. 17 through Dec. 31, 2028, with a value of about 160 billion won. The materials will be used at SK On’s Seosan plant in South Korea and its Georgia plant in the United States for energy storage system LFP cell production lines.