Japans primary financial regulator has formally granted the cryptocurrency industry with a self-regulatory status by allowing an industry body to police domestic exchanges. With the acquisition of the accreditation, they'll continue to make further efforts to create an industry that people can trust from everyone who uses virtual currency with members exchanges. Do you think we'll see this happening in other countries anytime soon?
Japan has always been open to crypto currency which is why I am not surprised by this move which is towards encouraging the continued penetration of crypto and at the same time that people should not perceive some undue interference from the government. Seeing this from other countries, I will not be too optimistic about that as most governments primary objective is control which is why most of them have remained on the fence as it relates to crypto so coming with self regulation as a way is not something I am seeing happening anytime soon.