Japan to Permit Crypto ETF

July 5, 2018

FSA, financial regulator of Japan, is going to modify legal standards of crypto trading in the country. The decision was caused by hack of Coincheck crypto exchange and inspecting platforms which revealed numerous security vulnerabilities in existing exchanges.

The changes will affect the status of crypto platforms that according to the new legislation will be classified as financial organizations which allows for integrating crypto derivatives like exchange-traded funds (ETF) in the future.

Note that FSA declared high-level anonymity crypto trading banned on June 18. The list of the prohibited cryptocurrencies included Dash, ZCash, Augur and Monero. 

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