Japan’s financial market watchdog is reportedly considering stricter rules on Bitcoin and digital currencies to curb speculative investments after the massive attack on Tokyo-based cryptocurrency exchange operator Coincheck, which resulted to nearly $600 million in losses.
According to The Japan Times, the sharp rise in Bitcoin and digital currency value has attracted speculative investments in the space, making it necessary for the Financial Services Agency (FSA) to impose rules to address the growing trend.
“Young users who had previously no connection (with cryptocurrencies) have increased at a breathless pace,” an official at a major exch...
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