Japan’s Crypto Industry to Launch “Self-Regulation” of Stablecoins
WikiBit 2024-11-06 18:05
The Japan Virtual Currency Exchange Association (JVCEA), Japan’s largest alliance of cryptocurrency exchanges and blockchain companies, has announced it will begin “self-regulation” of stablecoins.
JVCEA‘s role has been formally recognized by Japan’s top financial regulatory body, the Financial Services Agency (FSA). According to Japanese news outlets CoinPost and Nikkei, JVCEA will collaborate with the FSA to handle regulatory-related matters.
The association already oversees Japans crypto exchange industry, addressing issues like token listing agreements. Previously focused on “crypto exchange business and crypto-related derivatives trading firms,” JVCEA will now expand its regulatory scope to include the “electronic payment tools trading industry.”
Disclaimer：
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
WikiBit Exchange
South Korea: Upbit Investigated for Over 500,000 KYC Violations
WikiBit 2024-11-21 11:42MacBook Users with Intel Chips Urged to Update for Enhanced Security
WikiBit 2024-11-21 11:43Solana-Based Trading Terminal DEXX Hacked, Over $21M in User Losses
WikiBit 2024-11-21 11:44South Korea to Enforce 20% Crypto Tax in 2025 with Increased Exemption Limit
WikiBit 2024-11-21 11:35- Token conversion
- Exchange rate conversion
- Calculation for foreign exchange purchasing
0.00