Japan signs a proposal to form an organization to inspect legal cryptocurrency

2018/8/9 Japan
JVCEA (Japan Virtual Currency Exchange Association) has decided to get a certificate in business connected with virtual currency. That was reported on the first day of last week. If they do it may help to make their own rules on the market of cryptocurrency as well as to create new standards. Also, it was said that new orders may include forbidding different anonymous virtual currency. They also want to restrain lending money to about four times a person’s deposit in origin. These rules should be done in the case to stop getting into different problems and troubles like hacking. Sometimes hundreds of millions can be lost. It is easy to get that Japan wants to inspect all the virtual currency activity to be able to protect its own business.
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