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?
it does not rule out the possibility, but since long time ago, Japan was very Pro with cryptocurrency, especially bitcoin.
as we know there are some Japanese companies that even give their employees a bitcoin salary.
It is very true, now they will have an endorsement to make this even more legal, which can generate a good turn to the market, when there is direct interaction with other people who are not so involved in the market, the market is expanding, Japan has a great community, both enthusiasts, miners and merchants.
Japan is early country that allowing transaction bitcoin in merchant, restaurant etc. The climate for cryptocurrency is good in Japan and crypto community. With self regulation, i think it crypto community in Japan will growing fast