Softer crypto margintrading rules are being pushed for by Japanese exchanges
According to the article, a lot of traders want the FSA to raise thelimit from the current level and let them trade cryptocurrencies with 4x to 10x leverage.
The aforementioned association believes that changing the rule on leverage trading would turn Japan into a global crypto hub and attract many DLT and crypto companies into the country. As of late, Japan has eased up on some rules regarding cryptocurrencies in the country, including token listing and crypto tax payments. Still, in general, local crypto-related rules are much stricter compared to user countries. Following the law on investor protection, the Japanese branch of the FTX exchange crashed in early November last year, while the bankruptcy process of the main company in the U.S. continues.
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