🔥 TOP STORY
Tron Price Prediction for 2019: How Much Will Be Cost TRX in 2019?
Tron Price Prediction for 2019: How Much Will Be Cost TRX in 2019?

Japan’s FSA Approves Self-Regulatory Status of Crypto Exchange Group

  • Alex Morris
    📰 News

    The Japanese Virtual Currency Exchange Association (JVCEA) has been recognized as a self-regulatory industry body by the FSA, the country’s finance regulator

Japan’s FSA Approves Self-Regulatory Status of Crypto Exchange Group
You may also like:

According to Reuters, the Japanese Virtual Currency Exchange Association (JVCEA) has been recognized as a self-regulatory industry body by the FSA, the country’s finance regulator. One of FSA officials stated that it makes more sense to give industry experts a possibility to establish the rules by themselves. Japanese regulators recognize the need for investor protection, but they don’t want to hinder the growth of the cryptocurrency industry.    

The JVCEA unites major Japanese exchanges that are cooperating in order to beef up their security and stability, which is vital given the relatively recent $530 mln Coincheck hack and the infamous Mt.Gox disaster. The FSA approval will help exchanges to fight money laundering and establish a standardized set of rules for crypto-oriented businesses.
 

Only the most important posts per day. Infographics, analytics, reviews & summaries. Follow us on Facebook!
👓 Recommended articles
something-wide
something-wide