Crypto industry to self-regulate in Japan

Crypto industry to self-regulate in Japan

The cryptocurrency exchange association is recognized as the self-regulatory industry body by the Financial Services Agency (FSA) in Japan. The Japanese Virtual Currency Exchange Association (JVCEA), accredited as a certified fund settlement business association would exercise the power to frame rules for the exchanges in the country. The JVCEA emphasized that its self-regulatory powers would come into effect today.

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