Cryptocurrency japan news
However, no the exchange is looking forward to expanding its foothold in the European market. In this pursuit, it has hired Daniel Seifert to lead its European expansion plan. It will be regulated by VARA. However, it looks forward to working the regulators for protecting users and strengthening the laws around digital assets. This will be done in order to generate new utility for the Terra Classic chain.
This includes exchanging crypto assets and foreign exchange. The FSA also pointed to a lack of communication between JVCEA directors, its secretariat and member operators, resulting in poor management of the organisation. The recent market turmoil has meant that both new and well established cryptocurrencies have had to go through a full review process before new operators could deal in them.
He added that anti-money laundering rules were hard to implement in the absence of international agreements on sharing customer data between exchanges. One person close to the JVCEA said that office staff mostly consisted of retired people from banks, brokerages and government departments rather than secondees from member companies. The whole mess shows it is not a simple problem of governance. The JVCEA is chaired by Satoshi Hasuo, president of industry giant Coincheck, with appointed representatives from various operators and external experts serving on its board.
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