Japan’s crypto industry has been grappling with the travel rule since 2021 when Japan’s Financial Services Agency (FSA) requested virtual asset services providers to implement it. In April 2022, Japan’s Virtual Currency Exchange Association (JVCEA) introduced self-regulatory rules accordingly. In October last year, Japan’s government approved a cabinet decision to amend existing laws to curb money laundering using crypto, in line with FATF guidelines.
BTC Stabilizes Around $58K Following Yesterday’s Rout
Bitcoin stabilized around the $58,000 mark after the U.S. Federal Reserve kept the benchmark interest rate unchanged on Wednesday. Chair...