Japan Virtual Currency Exchange Association considers new restrictions for crypto traders

Posted 30 July, 2018

The Japan Virtual Currency Exchange Association (JVCEA) reportedly put forward one more initiative for trading platforms. The authority suggests that exchanges may limit trading for certain users.

According to the available information, the Association has drafted measures under which crypto exchanges would have to set trading limits for a group of traders.

The  Japan Virtual Currency Exchange Association stated that this initiative is aimed to protect traders with small assets from massive losses as well as problems with daily costs. However, more details, as well as the size of limits, are yet to be disclosed.

The proposed initiative is said to provide two options. Specifically, the first option covers a single limit for all traders with small assets. At the same time, with the second one, the limits may be determined case-by-case for every particular user amid a number of factors (investment experience, profit, asset value and age).

In addition, the Association suggests setting restrictions, under-age traders. Specifically, they will have to provide parental approval for such activities. These measures are said to fight against the illegal money laundering.

As it was reported earlier, the Japan Virtual Currency Exchange Association expressed plans to restrict marginal trading borrowings last week.

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30 July, 2018 14:10

← South Korea-based crypto trading platfoms can lose tax benefits

Seoul may cancel substantial tax benefits for crypto exchanges soon. For now, tax advantages are received by smaller companies. The government has proposed to revise the effective legislation and de-list trading platforms dealing with the cryptos in the category for start-ups or small and medium entities, which enjoy up to 100% tax rebates.

South Korea-based crypto trading platfoms can lose tax benefits

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27 July, 2018 16:26

Monex Group announces US-based trading platform →

A brokerage company and owner of Japan's Coincheck exchange – Monex Group – has revealed plans to launch a trading platform in the USA. The company is going to open TradeStation Crypto within its TradeStation business. Specifically, Monex acquired TradeStation back in 2011. The new division will be focused on cryptocurrencies and securities brokerage activities.

Monex Group announces US-based trading platform
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