Japan will reduce leverage in margin trading in cryptocurrencies to 2x



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Japan will reduce leverage in margin trading in cryptocurrencies to 2x

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Japan Financial Services Agency (FSA) intends to limit the leverage in margin trading of cryptocurrencies to 1: 2 to the initial deposits of traders, reports Japan Times.

The restriction will be more stringent than the previous regulator’s decision, according to which the leverage should not exceed the deposit amount by 4 times.

According to the publication, the new rule will be included in the Cabinet of Ministers order related to the revision of the law “On financial instruments and exchanges”, which will enter into force in spring.

The FSA explained the halving of the leverage limit by half as a desire to protect traders from cryptocurrency price volatility and the rules adopted in Europe and the USA.

Earlier, the leading Japanese bitcoin exchange Coincheck announced the termination of margin trading in March 2020.

Japan will reduce leverage in margin trading in cryptocurrencies to 2x



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