Sources: Japan's cryptocurrency industry to launch self-regulating body - RTRS
|Reuters quotes the sources involved in the negotiations, as saying that Japan’s two cryptocurrency industry groups are planning to merge to form a self-regulating body, in a preemptive measure to avoid frauds such as last month’s $530 million Coincheck heist of digital money.
The sources said the Japan Blockchain Association and the Japan Cryptocurrency Business Association are expected to merge as early as April.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.