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Japan's Financial Watchdog Set To Cut Leverage Cap For Cryptocurrency Margin Traders
Summary: Japan's top financial regulator will be cutting the permitted leverage for cryptocurrency margin traders to two times the deposit in an attempt to reduce risk. The Financial Services Agency will impose this new rule as a revision to the Financial Instruments and Exchange Act expected in spring, according to report from Japan Times on Saturday. ...
Japan's top financial regulator will be cutting the permitted leverage for cryptocurrency margin traders to two times the deposit in an attempt to reduce risk.
The Financial Services Agency will impose this new rule as a revision to the Financial Instruments and Exchange Act expected in spring, according to report from Japan Times on Saturday.
The nation’s industry already imposes a rule setting a maximum of four-times leverage on themselves. However, the watchdog aims to halve that due to the volatility of the crypto markets.
By Janelle Fox
Tags: Cryptocurrency,Financial Services Agency,Japan,leverage
Link: Japan's Financial Watchdog Set To Cut Leverage Cap For Cryptocurrency Margin Traders [Copy]
