Japan Capping Cryptocurrency Leverage Trading in April 202016.8

Japan, arguably the world’s leader in cryptocurrency regulation, is set to drop more rules on the industry by capping leverage trading on cryptocurrency exchanges.

Japanese regulators approved on Friday amendments to Japan’s financial instruments and payment services laws that limit the amount of leverage cryptocurrency exchanges may offer users when margin trading. The cap will now be two-to-four times initial deposits — in line with foreign exchange (forex) trading — according to a report from Nikkei Asian Review.

Original source
https://bitcoinist.com/japan-capping-cryptocurrency-leverage-trading-in-april-2020/

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