In Japan, the exchange will operate under the new rules


The Association of cryptocurrency exchanges Japan (JVCEA) set a limit on the amount of cryptocurrency that is stored on the “hot” market purses. This was reported in the newspaper The Japan Times, citing intelligence sources.

It is anticipated that the restriction will apply from 10 to 20% of the customer deposits to exchanges. Such measures Association of forced to go due to the recent hacking of the exchange Zaif. The attackers then stole about $60 million.

In addition, the Association of exchanges of virtual currencies is reviewing the initiatives developed in the summer, which is associated with the cryptocurrency activity in Japan. JVCEA will submit recommendations for certification to the Japanese financial services Agency (FSA) in the coming days.

Having received the status of “certified Association business in the field of financial accounts,” JVCEA will be able to set the rules of self-regulation for local kriptonyte.

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