Reported 8 months ago
According to VASP Association, different countries have varying approaches to regulating virtual assets. VASP pointed out similarities between Taiwan and Japan's Virtual Currency Exchange Association (JVCEA), highlighting the possibility of learning from JVCEA's practices. The JVCEA, formed in response to hacking incidents in the past, now works closely with financial authorities in implementing clear regulatory measures. Japan's proactive regulation includes self-regulatory norms, government-established laws, and detailed guidelines, with about 10 million virtual asset accounts in Japan. Through JVCEA, industry standards and government compliance are achieved, covering areas such as insider trading, anti-money laundering, wallet regulations, and cybersecurity readiness.
Source: YAHOO