Hot News: Cryptocurrency Industry Gains Self-regulatory Status in Japan6.83

Wise men say that all of the novelty needs to be treated with caution. Being, perhaps, the most intriguing breakthrough of their times, cryptocurrencies at once spark a lot of fear and admiration. Therefore the global community decided to step into carefully, saving time for a deeper consideration of the inner sense of such an ambiguous fenomenon.

For Japan it took a couple of months before the country’s Financial Services Agency (FSA) agreed on a regulatory framework suitable for the crypto-sphere. Today it has become known that Japanese primary financial regulator delegated the rights to control and monitor the crypto-industry to a group of 16 crypto-exchanges that was legally recognized as a self-regulatory body.

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