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Crypto Exchange Association Applies for Japanese FSA License
The Japan Virtual Currency Exchange Association (JVCEA) has applied to become a self-regulatory organization, or SRO, recognized by the government of Japan, a statement published on Friday showed.
JVCEA filled an application with the Financial Services Agency (FCA), which is the highest financial supervising body in the country, on August 2. The association aims to be the body that represents Japan-based cryptocurrency exchanges before the state and which has the right to give the official sector opinion in possible new rules and laws.
JVCEA said that the FSA license would be an important part of their effort to restore “user’s trust” in crypto trading after one of largest virtual coin hacks
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