Cryptocurrency has been enjoying a surge of popularity among new Japanese traders, all thanks to the bull market that began in April. Several domestic platforms reported an increase of up to threefold in new account openings, last week.
Meanwhile, the country’s regulators are maintaining tight control over the market, following several highly-publicized hacks that occurred last year, amounting to tons of losses. The Financial Services Agency announced that it will review exchanges’ Anti-Money Laundering (AML) activities before the international inspection from the Financial Action Task Force.
In similar news, market heavyweight Binance, who also suffered a hack recently, hinted towards a soon to be launched margin trading last week.
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