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.