Japan’s cryptocurrency industry to launch self-regulating body, sources say

The exchange rate of the NEM virtual currency against Japanese yen is seen on Coincheck’s cryptocurrency wallet app

Japan‘s two cryptocurrency industry groups are planning to merge to form a self-regulating body, seeking to better safeguard investors after last month’s $530 million heist of digital money, sources involved in the negotiations said.

The Japan Blockchain Association and the Japan Cryptocurrency Business Association are expected to merge as early as April, the sources said.

The merged organization may appoint the heads of the two existing associations as chairman and vice chairman, said the sources, who declined to be identified because they were not authorized to speak to the media…

Read Full: Japan’s cryptocurrency industry to launch self-regulating body, sources say