Breaking News: Cryptocurrency Self-Regulation Approved by Japan’s FSA56.83

The Japanese Financial Services Agency (FSA) today (October 24) approved the self-regulation of the country’s cryptocurrency industry. Based on this decision, the Japan Virtual Currency Exchange Association (JVCEA) can exercise oversight over the operations of virtual currency exchanges in the country.

According to Reuters, the Japanese financial regulatory body, FSA, has granted the Japan Virtual Currency Exchange Association (JVCEA), the power to monitor and sanction digital currency exchanges. Part of the JVCEA’s regulatory functions includes laid down rules that protect investors’ funds and ensuring compliance among exchanges.

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