Japan has given formal approval for its cryptocurrency industry to regulate itself, the Japan Virtual Currency Exchange Association (JVCEA) confirmed October 24. JVCEA Can Police Exchanges In a significant development for the country, regulators opted to allow the JVCEA to ensure cryptocurrency exchanges followed legal requirements, a statement reads. Under the deal, the body will also have the power to punish those operators, which do not conform to the stringent safety regulations Japanese authorities have put inRead MoreThe post BREAKING: Japan Allows Cryptocurrency Industry To Regulate Itself appeared first on Bitcoinist.com.
