Japanese cryptocurrency exchanges are pushing for the relaxation of margin trading rules and may submit a proposal to the Financial Services Agency next month

2023-06-20 13:35:44

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ChainCatcher news, Japan's cryptocurrency exchanges are pushing to relax restrictions on margin trading. According to data from the Japan Virtual and Crypto Assets Exchange Association, many industry insiders hope to allow retail investors to have leverage ratios of 4 to 10 times, while currently, customers can borrow up to twice their investment.

The association's vice president, Genki Oda, stated in an interview, "Reforming the leverage rules could make Japan more attractive to cryptocurrency and blockchain companies, and this move will encourage more crypto trading." Oda added that Japan's cryptocurrency exchanges are reaching a consensus on the proposed leverage limits and may submit their proposals to the Financial Services Agency next month. (Source link)

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Japan cryptocurrency regulatory policy

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