Japan’s Cabinet has drafted new amendments relating to cryptocurrency margin trading. Changes will be similar to that of forex trading and are expected to come into effect in 2020. Japan is set to implement new firmer rules and regulations around cryptocurrency margin trading from 2020 onwards. The details were Japanese news wire Nikkei Asian Review, a draft of amendments has been approved by Japan’s Cabinet of the executive agency. The noted amendments are related to; financial instruments, and payment services laws which cover two notable changes with regards to cryptocurrencies. There will be a cap on margin trading for cryptocurrency in line with the forex trading, at two-to-four times the initial deposit. Secondly, all cryptocurrency exchanges in Japan of whom offer margin trading are going to be mandated to register with the government within 18 months of the date the rules come into effect, expected in April 2020, according to the report. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next WTI remains firm and targets the $60.00 mark/bbl ahead of API FX Street 4 years Japan's Cabinet has drafted new amendments relating to cryptocurrency margin trading. Changes will be similar to that of forex trading and are expected to come into effect in 2020. Japan is set to implement new firmer rules and regulations around cryptocurrency margin trading from 2020 onwards. The details were Japanese news wire Nikkei Asian Review, a draft of amendments has been approved by Japan's Cabinet of the executive agency. The noted amendments are related to; financial instruments, and payment services laws which cover two notable changes with regards to cryptocurrencies. There will be a cap on margin trading for cryptocurrency… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
