Japan Virtual Currency Exchange Association announces new sign ups

In 2017, Japan became the first country to regulate cryptocurrency exchanges. The FSA started clamping down on the industry following a $530 million (£411.5 million) theft of digital money from Coincheck

Five more cryptocurrency exchanges have joined the Japan Virtual Currency Exchange Association (JVCEA).

These are: Coincheck, Everyone’s Bitcoin, Lastroots., LVC Corporation and Coinage Corporation.

The JVCEA was formed last year by 16 registered crypto exchanges. In October, Japan’s financial regulator formally granted it self-regulatory status. Part of the JVCEA’s regulatory functions includes laying down rules that protect investors’ funds and ensuring compliance among exchanges.

Further details here.

Related Articles