The Japan Financial Services Agency officially issued a permit for self-regulation of the cryptocurrency industry, providing the Japan Virtual Currency Exchange Association (JVCEA) with the ability to control cryptocurrency exchanges within the country.
JVCEA, which consists of 16 licensed stock exchanges in Japan, is classified as a “certified fund settlement business association”. She is authorized to create work rules for cryptobirth, providing customer protection and eliminating insider trading and money laundering.
This event has already received coverage in social networks:
“Such large economies as Japan and South Korea are helping the growth of domestic crypto banking, those who act differently will be isolated ,” wrote columnist and cryptoinvestor Joseph Young.
Japan approved self-regulation for the crypto industry.
If you don’t want to be able to make it out, it’s not worth it.
– Joseph Young (@iamjosephyoung) October 24, 2018
