Japan wants to regulate cryptocurrency wallet services

Despite granting the industry self-regulatory status, it seems Japanese regulators are still keen to keep an eye on things. The Japanese Financial Services Agency (FSA) recently announced that it is devising a regulatory framework for cryptocurrency wallet services, Bitcoin News reports. While the industry may now be left to police and regulate itself, cryptocurrency exchange businesses must still be registered with the country’s FSA as they buy and sell virtual currencies. However, as cryptocurrency wallets don’t technically provide a trading service to customers they are currently in a regulatory gray-area. As  wallets are required to trade cryptocurrency, FSA lawmakers believe…

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