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Financial Services Agency to regulate virtual currencies

Wednesday 5 August 2015 10:54 CET | News

The Financial Services Agency has revealed plans to regulate trading of bitcoins and other virtual currencies.

The FSA will likely introduce a system in which operators are required to register, obtain a license and confirm the identity of their clients and improve their internal management systems.

The move is a response to meet the international standard of the tightening of regulations on virtual currency trading operations.


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Keywords: Bitcoin, online payments, digital payments, cryptocurrencies, Financial Services Agency, virtual currencies
Categories: DeFi & Crypto & Web3
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Countries: World
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DeFi & Crypto & Web3






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