Japan’s Blockchain Association and the Cryptocurrency Business Association are planning on forming a self-regulatory board to prevent future hacks, it has been claimed.
The country’s Blockchain Association and the Cryptocurrency Business Association could merge as early as April, according to sources close to the matter.
On Wednesday, Coindesk reported the US Treasury’s Office of Terrorism and Financial Intelligence had “called on the international community for stronger cryptocurrency regulations to help protect the financial system and national security in a speech yesterday”.
And even stronger language has emerged in recent weeks from nations such as India and South Korea, where a purported ban from Seoul led the cryptocurrencies markets to plummet in January.
Cryptocurrency markets were buoyed earlier today by White House Cybersecurity Coordinator Rob Joyce’s suggesting the US government is nowhere near to regulating bitcoin.