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Japan’s Crypto Exchanges Are Pushing for Looser Margin Trading Rules to Help the Sector Grow
Japan’s crypto exchanges are pushing for a relaxation of curbs on margin trading, unbowed by last year’s global digital-asset market crash. Many people in the industry want permitted leverage for retail investors of four to 10 times whereas currently customers can at most double exposure via borrowing, according to the Japan Virtual & Crypto Assets Exchange Association. “Reforming the leverage rule could make Japan more attractive for crypto and blockchain companies,” the association’s Vice Chairman Genki Oda said in an interview, adding that the step would encourage more trading. The nation’s ... (full story)