Japan's cryptocurrency industry will set up its own regulatory body

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TOKYO. Two groups of cryptocurrencies in Japan are planning to merge and then create their own regulators. The move comes after a $ 530 million digital robbery last month.

is Japan Blockchain Association and Japan Cryptocurrency Business Associaton which plans to merge in April, according to a source to Reuters. Later of the two associations will be determined each of the filler position of chairman and vice chairman.
The agency is expected to encourage crypto currency transactions safer. Last month, hackers stole US $ 530 million from Japan-based cryptocurrency exchange Coincheck Inc. This is one of the largest digital currency theft in the world.

The Japan Cryptocurrency Business Association confirmed that no decision has been made. While Japan Blockchain Association has not commented on this news.

The crypto currency industry in various countries is now strengthening the roots. In the United Kingdom, for example, seven cryptocurrency companies with trading platforms Coinbase and Etoro, on Tuesday announced the formation of CryptoUK association.

As quoted by the Financial Times, the association hopes, can help prepare a blue map for the preparation of regulations in the UK in the future. Previously, EU regulators such as the European Securities and Markets Authority, the European Banking Authority, and the European Insurance and Occupational Pensions Authority have alerted investors to the high risk of trading virtual currencies.

The trio of regulators insists there is a price bubble, while consumers who do not get trade price transparency get no protection from the risk of losing money.

The price of crypto currency that is capable of skyrocketing it becomes an attraction for the buyer, although the price moves like a roller coaster. Bitcoin for example, returned to the price of US $ 10,000 after collapsing for two weeks ago.


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TOKYO. Dua grup cryptocurrency di Jepang berencana melebur lalu mendirkan badan regulator sendiri. Langkah ini diambil setelah terjadi perampokan uang digital US$ 530 juta bulan lalu.

adalah Japan Blockchain Association dan Japan Cryptocurrency Business Associaton yang berencana merger pada April mendatang, menurut sumber pada Reuters. Nantinya dari dua asosiasi ini akan ditentukan masing-masing pengisi posisi chairman dan wakil chairman.
Badan ini diharapkan bisa mendorong transaksi mata uang kripto lebih aman. Bulan lalu, peretas telah mencuri US$ 530 juta dari cryptocurrency exchange Coincheck Inc yang berbasis di Jepang. Ini merupakah salah satu pencurian mata uang digital terbesar di dunia.

Japan Cryptocurrency Business Association mengkonfirmasi, belum ada keputusan yang terbentuk. Sedangkan Japan Blockchain Association belum memberikan komentar mengenai kabar ini.

Industri mata uang kripto di berbagai negara kini tengah memperkuat akar. Di Inggris misalnya, tujuh perusahaan cryptocurrency dengan platform perdagangan Coinbase dan Etoro, pada Selasa lalu mengumumkan membentuk asosiasi CryptoUK.

Seperti dikutip Financial Times, asosiasi ini berharap, bisa membantu menyiapkan peta biru bagi penyusunan regulasi di Inggris ke depannya. Sebelumnya, regulator Uni Eropa seperti European Securities and Markets Authority, the European Banking Authority, dan European Insurance and Occupational Pensions Authority sudah mengingatkan investor akan risiko tinggi perdagangan mata uang virtual.

Trio regulator ini menegaskan ada bubble harga, sementara konsumen yang tidak mendapatkan transparansi harga perdagangan tak mendapat perlindungan dari risiko kehilangan uang.

Harga mata uang kripto yang mampu melejit justru menjadi daya tarik bagi pembelinya, meski pergerakan harganya bak roller coaster. Bitcoin misalnya, kembali ke harga US$ 10.000 setelah terpuruk selama dua pekan lalu.

#Kontan. co. id