Japanese cryptocurrencies plan to mitigate national marginal trading rules – Bits Media

Japanese cryptocurrencies intend to turn to the local authorities for permission for individual investors to use tenfold credit shoulder.

According to the Japanese Association of the exchange of virtual crypto assets, the introduction of new limits for marginal trade in retail investors, increasing the permissible credit shoulder by four to ten times, will increase the attractiveness of the cryptocurrency industry.

“Reform of the rules of the credit shoulder will stimulate the growth of trade, and can also make Japan a more attractive country for crypto- and blockchain companies ", - explained in an interview to reporters a representative of the association.

Despite the general mitigation of the rules of listing digital assets and the taxation of cryptocurrencies, The Agency of Financial Services (FSA) Japan adheres to strict rules for limiting marginal trade limits for retail investors. In accordance with measures to protect the funds of retail investors and counteracting the policy of aggressive lending by cryptocurrency platforms, The regulator set a double limit to exceed the initial deposit.

In the comments, received from the representative of the FSA, reported, that the agency is open to discuss the issue with crypto companies, engaged in digital assets.

However, in order to mitigate the rules of marginal trade, representatives of the crypto industry must submit convincing evidence to the department, according to which the weakening of restrictions will help in the development of blockchain industry.

Earlier, the Japanese financial services agency warned
foreign trading platforms bybit, Bitforex, MexC Global and Bitget about possible sanctions for illegal work with citizens of the country.