Crypto Exchange Association Applies for Japanese FSA License
Cryptovest
Published Aug 07, 2018 01:47PM ET
Updated Aug 07, 2018 03:00PM ET
Crypto Exchange Association Applies for Japanese FSA License
The Japan Virtual Currency Exchange Association (JVCEA) has applied to become a self-regulatory organization, or SRO, recognized by the government of Japan, a statement published on Friday showed.
JVCEA filled an application with the Financial Services Agency (FCA), which is the highest financial supervising body in the country, on August 2. The association aims to be the body that represents Japan-based cryptocurrency exchanges before the state and which has the right to give the official sector opinion in possible new rules and laws.
JVCEA said that the FSA license would be an important part of their effort to restore “user’s trust” in crypto trading after one of largest virtual coin hacks targeted the Japanese exchang...
This article appeared first on Cryptovest
Get The News You Want
Written By: Cryptovest
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.