Japan, the home of the now-defunct cryptocurrency exchange Mt. Gox, is establishing stricter rules for cryptocurrency margin trading to prevent investors from getting scammed. Margin traders typically use borrowed funds from a broker to trade a financial asset, which in turn, forms the collateral for the loan supplied by the broker. According to a report from Nikkei Asian Review, the new rules will come into place in April 2020, after the Japanese Cabinet approved draft amendments relating to payment services and financial instrument laws last Friday. As a result, all cryptocurrency exchanges offering margin trading in the country will need…
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Japan tightens grip on cryptocurrency margin trading
Source: The Next Web
