Japan's crypto self-regulation 'experiment' not working

Japan’s self-regulation “experiment” for the crypto industry is reportedly not working as well as intended, according to local government and industry experts.been tasked with creating guidelines for the country’s crypto industry, with arguments at the time that the entity could be better placed to cope with crypto regulation than a government body.

Over recent months, the JVCEA has reportedly copped a fair amount of flack from the FSA over its slowness in getting regulation off the ground. Another unnamed source close to the JVCEA suggested that the organization is lacking office staff with a genuine knowledge of, or interest in crypto.

yen is going to shit... they need to adopt btc as a backing for yen.

Why delay?

Butterfly effect, I feel that many countries will follow suit

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