Why Japan’s Decision to Allow Crypto Sector to Self-Regulate is Significant158.4

Japan, the largest cryptocurrency exchange market by daily trading volume, has allowed the local crypto market to self-regulate, demonstrating trust towards the country’s cryptocurrency-related businesses.

The decision of the Financial Services Agency (FSA), the main financial watchdog of the country, comes in a period in which two of the biggest digital asset exchanges in its local cryptocurrency market were hacked by an unknown group of hackers.

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