Estimated reading time: 0 minutes, 29 seconds

Japan Regulators Grant Crypto Industry Self-regulatory Powers

Monday, Jan 07 2019
Cryptocurrency
Written by  FinTech Brief Staff

Japan’s Financial Services Agency has given the country's crypto industry the power to regulate itself. So reports the MIT Technology Review.

The Japan Virtual Currency Exchange Association, made up of representatives from the nation's exchanges, will have the power to create consumer protection and standardization policies. Two high-profile hacks hit Japan in recent years, highlighting the need to keep tabs on the evolving industry. Brian Quintenz, a commissioner for the U.S. Commodity Futures Trading Commission, suggested the U.S. should also consider the merits of self-regulation.

Read the full article from the MIT Technology Review.

Read 3086 times
Rate this item
(0 votes)
More in this category: « NETSUITE ERP CUSTOMERS UP 25 PERCENT Blockchain Airdropping $125M Worth of Lumens to 30M Users »

Visit other PMG Sites:
PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.
Ok Decline