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?
This shows the big support of this country to the crypto currency but i hope they really studied it well before implementing it as it sounds like too much freedom to me although Japanese are known honest and pride people but my concern is the outside world of Japan like some foreign crypto users and projects that might abuse this privilege inside Japan.