While the West has initiated a heavy crackdown on cryptocurrencies, regulators in Asia have been trying to bring crypto-friendly rules to accommodate more firms in the market. Japanese regulators are now planning for a relaxation of curbs on margin trading.
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.
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 (F
We współpracy z: https://coingape.com/japan-eyes-crypto-push-with-loser-margin-trading-rules/
