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?
I was a little hesitant and was surprised they entrusted self-regulation considering that many ordinary people saw bitcoin as a criminal tool, although, I'm quite happy there are countries that strongly believe in cryptocurrency. Other countries that follow to approve self-regulation I don't think there is and in my opinion India is the closest to cryptocurrency other than Japan, while news says that India is very strict in terms of regulating crypto.