Japan’s cryptocurrency industry to launch self-regulating body

The Japan Blockchain Association and the Japan Cryptocurrency Business Association are expected to merge as early as April to form a self-regulating body, seeking to better safeguard investors after last month’s $530 million heist of digital money, sources involved in the negotiations said.

The Japan Cryptocurrency Business Association said in a statement that nothing has been decided. Representatives for the Japan Blockchain Association could not be immediately reached for comment by Reuters.

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