Japan To Ease Margin Trading Rules for Crypto
As per the Japan Virtual & Crypto Assets Exchange Association, industry players want to permit leverage for retail players of four to ten times. However, at present, customers can only double their exposure via borrowing. advertisement The association’s Vice Chairman Genki Oda said in an interview: “Reforming the leverage rule could make Japan more attractive for crypto and blockchain companies”. He also said that such a step would encourage more trading in the market. Japan’s FSA In Discussion With Local Exchanges The local crypto exchanges of Japan are already in talks to reach a consensus on the recommended leverage limit. They are likely to take their proposal further to the top financial regulator – Financial Services Agency ( FSA ). According to an official from the Financial Services Agency ( FSA ), cryptocurrency companies are required to provide strong justifications for relaxing margin trading limits, which align wit...