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The FSA obliges the exchanges to pay off at the time of outflow Policy margin transactions are also regulated

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The Financial Services Agency (FSA) has agreed to obligate exchanges to secure repayment resources in preparation for leakage due to unauthorized access, etc., at an expert conference calling for strengthening regulations on cryptocurrency exchange companies and others.

In addition, we are requesting to notify advance change of handling cryptocurrency, and we will regulate such as margin trading to set upper limit on leverage, too .

Until now, the FSA set up a research group with experts in March this year, in response to a case where a coin check leaked a cryptocurrency equivalent to approximately 58 billion yen, and in January next year at the ordinary Diet session, the Financial Services Agency and the Settlement Act We have been pursuing discussions to submit a revision proposal.

The Financial Services Agency has strengthened its policy of setting regulations on ICO for companies to raise funds through cryptocurrency this month and renaming them from virtual currencies to encryption currencies and will continue discussions for institutional reform in the future It is a pattern to proceed.

The Financial Services Agency revises the Financial Commerce Act to protect individual investors and restricts ICO – CRYPTO TIMES

Article Source: Nikkei Newspaper

Author: ぼ に フ ァ 【Coin Desk News】 – Source Post: https://crypto-times.jp/fsa-jp-regulation/

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