Japan Self-Regulatory Crypto Exchange Association Considers Trading Cap for Some Clients

The Japan Virtual Currency Exchange Association (JVCEA) will obligate its member exchanges to place limits on the trading activity of some clients, Cointelegraph Japan reports today, July 28.

The self-regulatory body has reportedly established a policy of to require its member crypto exchanges to place maximum limits on the volumes traded by the exchanges’ customers.

The move reportedly aims to prevent investors with “small assets” from suffering heavy losses and facing problems with basic daily expenses. The report does not specifically define “small assets,” nor does it specify the exact limits to be placed.

According to the report, member crypto exchanges will be able to choose from two options for how they establish trading limits.

The first option proposes a universal ceiling that implies establishing one fixed maximum limit for all “small asset” traders. The second option suggests a more individual approach by setting different limits for different customers depending on various factors such as their investment experience, income, the value of their assets, and age.

The JVCEA has also reportedly suggested trading activity limitations for minors, requiring an adult’s confirmation as a measure against money laundering.

Earlier this week, the JVCEA  announced its intentions to put limits on its member exchanges’ margin trading, reportedly with the same intention of preventing customers from significant losses caused by highly volatile crypto markets.

The JVCEA was formed in early March, with 16 crypto exchanges teaming  up to develop and coordinate rules and policies for ensuring security standards for trading cryptocurrencies. The group’s formation came following the January hack of Japan-based crypto exchange Coincheck, with losses totalling more than $534 mln.

The association is reportedly set to regulate the market in conjunction with the local Financial Services Agency (FSA), which has been restructured recently in order improve its handling of fintech-related areas, including cryptocurrencies.



Author: Cointelegraph By Helen Partz

Source link

Related posts

18 Thoughts to “Japan Self-Regulatory Crypto Exchange Association Considers Trading Cap for Some Clients”

  1. 醫學美容-朱古力代餐-奶昔-cosmetic-wiki

    A-PLUS Beauty: 【我愛媽咪】八折享心動價首次1064nm激光嫩膚 A-PLUS Beauty: 【我愛媽咪】八折享心動價首次1064nm激光嫩膚

  2. Football Solutions UEFA EURO 2008 - History - Spain-Italy

    Sportsmail’s ELLIOTT BRETLAND and CHARLIE SKILLEN debate the key questions in the Stones transfer saga that has seen Everton reject all Chelsea’s bids for the defender. John Stones debate: Are Everton right to reject £38m bid from Chelsea after star defender handed in transfer request?  

  3. Football Solutions UEFA Champions League - Real Madrid - Álvaro Odriozola - Statistics

    Newcastle manager Alan Pardew insists he is ‘open-minded’ about Joe Kinnear’s appointment as director of football. Club owner Mike Ashley dropped a bombshell last month when he parachuted the 66-year-old into St James’ Park and handed him responsibility for all football-related matters. I’ll manage: Pardew open-minded about appointment of ‘transfer guru’ Kinnear

  4. futbol.run Longest unbeaten runs in European league football - UEFA Europa League - News

    After another busy weekend of Championship action, Sportsmail’s ADAM SHERGOLD reflects on the latest thrills and spills. Teemu Pukki enjoys heroic week for both Norwich and Finland while Aston Villa’s Conor Hourihane scores wonder free-kick – CHAMPIONSHIP VERDICT

  5. cum afli

    … [Trackback]

    […] Read More Information here on that Topic: tradingbtc.com/2018/07/28/japan-self-regulatory-crypto-exchange-association-considers-trading-cap-for-some-clients/ […]

  6. Can you buy DMT Online?

    … [Trackback]

    […] Read More Info here to that Topic: tradingbtc.com/2018/07/28/japan-self-regulatory-crypto-exchange-association-considers-trading-cap-for-some-clients/ […]

  7. unicvv

    … [Trackback]

    […] Info on that Topic: tradingbtc.com/2018/07/28/japan-self-regulatory-crypto-exchange-association-considers-trading-cap-for-some-clients/ […]

  8. wow slot

    … [Trackback]

    […] Here you can find 30542 additional Information on that Topic: tradingbtc.com/2018/07/28/japan-self-regulatory-crypto-exchange-association-considers-trading-cap-for-some-clients/ […]

  9. Home Page

    … [Trackback]

    […] There you can find 24266 more Info to that Topic: tradingbtc.com/2018/07/28/japan-self-regulatory-crypto-exchange-association-considers-trading-cap-for-some-clients/ […]

  10. maxbet

    … [Trackback]

    […] Info on that Topic: tradingbtc.com/2018/07/28/japan-self-regulatory-crypto-exchange-association-considers-trading-cap-for-some-clients/ […]

  11. Köp Oxycodon Receptfritt i Sverige

    … [Trackback]

    […] Find More here on that Topic: tradingbtc.com/2018/07/28/japan-self-regulatory-crypto-exchange-association-considers-trading-cap-for-some-clients/ […]

  12. buy benelli firearms

    … [Trackback]

    […] Find More Info here to that Topic: tradingbtc.com/2018/07/28/japan-self-regulatory-crypto-exchange-association-considers-trading-cap-for-some-clients/ […]

  13. Buy Chitwan Magic Mushrooms Online

    … [Trackback]

    […] Info to that Topic: tradingbtc.com/2018/07/28/japan-self-regulatory-crypto-exchange-association-considers-trading-cap-for-some-clients/ […]

  14. ยืมเงินด่วนตอนนี้

    … [Trackback]

    […] Information to that Topic: tradingbtc.com/2018/07/28/japan-self-regulatory-crypto-exchange-association-considers-trading-cap-for-some-clients/ […]

  15. cc shop 2023

    … [Trackback]

    […] Read More here to that Topic: tradingbtc.com/2018/07/28/japan-self-regulatory-crypto-exchange-association-considers-trading-cap-for-some-clients/ […]

  16. sbo

    … [Trackback]

    […] Read More to that Topic: tradingbtc.com/2018/07/28/japan-self-regulatory-crypto-exchange-association-considers-trading-cap-for-some-clients/ […]

  17. https://youtubemp3.bz

    … [Trackback]

    […] Read More to that Topic: tradingbtc.com/2018/07/28/japan-self-regulatory-crypto-exchange-association-considers-trading-cap-for-some-clients/ […]

  18. meateater whiskey where to buy

    … [Trackback]

    […] Information on that Topic: tradingbtc.com/2018/07/28/japan-self-regulatory-crypto-exchange-association-considers-trading-cap-for-some-clients/ […]

Leave a Comment