Self-Regulating Body Prohibits ‘Anonymous’ Cryptocurrencies from Japanese Exchanges

[kreslik.news]

COINTELEGRAPH JAPAN–The Japan Virtual Currency Exchange Association, a self-regulating body of 16 exchanges, announced a plan on June 81 for a new set of guidelines that are designed to prevent money laundering, insider trading, market manipulation, and to increase know-your-customer (KYC) requirements. The guidelines include penalties for exchange employees who engage in insider trading.

CoinTelegraph Japan also reported that the new anti-money laundering guidelines will prohibit exchanges from listing coins designed for high levels of anonymity, such as Zcash and Monero.

[url=https://www.etoro.com/markets/btc?utm_medium=Media&utm_medium=Media&utm_source=50140&utm_source=50140&utm_content=0&utm_content=0&utm_serial=btvsbtc060618&utm_serial=&utm_campaign=btvsbtc060618&utm_campaign=&utm_term=&utm_term=]Time to buy the dip?[/url]

Of course, these regulations are not government-mandated, and are therefore ... (read more)