Japan Approves Self-Regulation for Cryptocurrency Industry

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Japan’s primary financial regulator has formally granted the cryptocurrency industry with a self-regulatory status by allowing an industry body to police domestic exchanges.

The Financial Services Agency (FSA) on Wednesday approved the Japan Virtual Currency Exchange Association (JVCEA), a body comprised of all 16 licensed domestic cryptocurrency exchanges, to become a ‘certified fund settlement business association.’

In doing so, the regulator has bestowed the industry body with the means to create guidelines for...

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Submitted October 24, 2018 at 02:51PM by fraer8558 https://ift.tt/2PgvwM2

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