Japan’s Financial Services Agency (FSA) is looking into two major cryptocurrency exchange platforms as part of an investigation into internal oversight.
Japanese regulators have reportedly approved draft amendments to the country's financial instruments and payment services laws, introducing stricter regulations for margin trading of digital assets.
Japan’s Financial Services Agency has granted self-regulatory status to the country's cryptocurrency industry, giving the Japan Virtual Currency Exchange Association (JVCEA) authority to oversee the space.
By giving clarity to an industry that has long operated with little or no oversight, Japan is setting the stage for a future when cryptocurrencies will play a larger role.
