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?
These innovative changes usually come from Asia, as this time again. I really hope that we will see in the near future in other countries bodies like this one. Taking this into account, people will start trusting cryptocurrencies more because it can be noticed now that there is a huge gap due to the "war" that Financial institutions make to Bitcoin and other cryptos.
Maybe Japan can start promoting such pacts with other countries in a form of trading agreements.