The Japanese financial services Agency (FSA) implements strict recommendations on cryptocurrency transactions in the country. According to the new rules, cryptocurrencies must identify users, monitor client accounts for suspicious transactions several times a day, store crypto accounts only in Autonomous systems, and so on.
New restrictions on cryptocurrencies allowed in Japanese crypto-currencies will be introduced. In particular, the regulator will ban cryptocurrency transactions with a high level of anonymity, which are used for money laundering.
News from Japan had a negative impact on quotations of cryptocurrencies. Almost all of cryptocurrency lost value. The entire market for the day lost about $20 billion and is $ 431.2 billion.
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