The cryptocurrency industry in Japan is granted a self-regulatory status

24 Oct 2018

The Japanese Virtual Currency Exchange Association (JVCEA) has received permission from the Japanese Financial Services Agency (FSA) to police and sanction virtual exchanges for any misconduct or violation. In this way, the JVCEA is permitted to make rules on safeguarding assets, preventing possible money laundering, setting rules on identification and others.JVCEA is known for policies through tougher than existing financial regulatory frameworks.

The FSA granted 16 permissions for the virtual currency exchanges in Japan, but not the single permision in 2018. Read FSA’s statement here. (Japanese)

Explore the issues

The digital currencies story is a continuation of the long-running saga of economics, markets, and commodity exchange in human society. With the constant rise of the global network, we have witnessed many global services becoming widely accepted and in a way changing (by adding to) our experience of mutual interaction.

 

The GIP Digital Watch observatory is provided by

in partnership with

and members of the GIP Steering Committee



 

GIP Digital Watch is operated by

Scroll to Top