TOKYO -- Japan's cryptocurrency industry is preparing to establish a self-regulatory body consisting only of government-approved marketplaces in an effort to regain the public's trust after a vast digital currency heist last month.
Sixteen registered virtual currency marketplace operators and executives from some unregistered ones attended a closed meeting in Tokyo on Tuesday to discuss the new organization. Topics included the establishment of a general incorporated association under Japan's revised Payment Services Act, an outline of voluntary regulations, and how to proceed going forward.
