Japan’s financial watchdog formally approved the Japan Virtual Currency Exchange Association (JVCEA)

Japan’s financial watchdog formally approved the Japan Virtual Currency Exchange Association (JVCEA), an organization that includes all 16 domestic cryptocurrency exchanges, to self-regulate and police domestic cryptocurrency exchanges.

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Japan Approves Self-Regulation for Cryptocurrency Industry
Japan’s primary financial regulator has formally granted the cryptocurrency industry with a self-regulatory status by allowing an industry body to police domestic exchanges.