Japan’s financial watchdog, the Financial Services Agency (FSA), has revealed a report regarding the number of crypto-related requests it has got during the last quarter of 2018.
The report states that the regulator received only 788 requests against 1,231 it received back in the 3rd quarter of 2018.
The reason for such a significant decrease may be in the bear market which entered crypto space in the very beginning of 2018 and which is considered to be one of the longest in crypto history.
Last year, FSA said it had no plan to impose bans on digital assets. However, the regulator made its crypto exchange screening process more scrupulous, checking how rigorously risk management is conducted.
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