At present, customers may only borrow twice as much as they are risking.
Regulators in Asia have been seeking to introduce crypto-friendly policies.
Industry participants seek to allow leverage of four to 10 times for retail players, according to the Japan Virtual & Crypto Assets Exchange Association (JVCEA). Customers may now only borrow twice as much as they are risking.
Regulators in Asia have been seeking to introduce crypto-friendly policies to allow more enterprises in the sector. Japan’s government is preparing to ease margin trading restrictions.
According to Vice Chairman Genki Oda of the Association:
“Reforming the leverage rule could make Japan more attractive for crypto and blockchain companies.”
He further argued that this would lead to more market activity. Japanese cryptocurrency markets are already in discussion over proposed leverage criteria. They will most likely go on to present their plan to the Financial Services Agency (FSA), Japan’s preeminent financ
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