Editor's Picks News

Japanese financial regulator data show that requests for cryptocurrency continue to decline

Japan's financial regulator has published data for the 4th quarter of 2018 by the number of requests for cryptocurrency, showing a further decline. A report by the Financial Services Agency (FSA) was published today.

The FSA, which is responsible for supervising the country's cryptoecosystem, published the latest data on requests from September to the end of December 2018. About 788 requests for virtual currencies were received, which is slightly more than half of 1231 requests in the third quarter of 2018.

The report says that 235 cases, or 29 percent, are related to general inquiries and questions, while 228 cases, or 28 percent, are related to the results of individual operations.

Since the beginning of 2018, the number of requests has decreased by almost five times compared with 3,559 requests registered by the FSA during the first three months of 2018.

Back in August 2018, the FSA Commissioner stressed that Japan wants the growth of the cryptocurrency industry with strict legal regulation. Last fall, they announced plans to strengthen the process of registering cryptocurrency exchanges, a step aimed at reducing the risks associated with the market.

Related posts

South Korean Authorities Haven’t Filed Charges Against Me, Says Do Kwon

Joseph Alalade

ETH/USD: technical analysis course, January 5-6, 2019


MetaMask Issues Warning as Namecheap’s Hacker Send Phishing Emails

Afroz Ahmad