Japanese cryptocurrency exchanges are urging regulators to relax margin trading restrictions on popular cryptocurrencies such as $BTC. By shauryamalwa
Allowing higher leverage would also enable traders to manage their positions more effectively, JVCEA said.
Japanese crypto exchanges processed just over $110 million worth of trading volumes in the past 24 hours,JVCEA’s comments come as Japan warms up to crypto regulation and stablecoin usage. Lawmakers are said to be to support the growth of NFT and virtual lands-related businesses in the country, while local banks are working on plans to issue their own stablecoins – tokens pegged to a fiat currency such as the Japanese yen – in the coming months.
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