The Financial Services Commission (FSC) said it will prohibit all forms of the blockchain funding method «regardless of technical terminology,» while
margin trading of virtual currencies will also be illegal following the ruling.
Not exact matches
Further, in leveraged
trading and
margin trading, since the transaction amount is larger than the amount
of virtual currency or
margin that a customer deposits with the Company, there is a risk that customers will incur losses greater than the amount
of virtual currency or
margin.
The exchange offers two types
of services: cryptocurrency FX, which is an over-the-counter (OTC) bitcoin
margin trading and cryptocurrency
trading, which enables buying and selling
of virtual currency in JPY in addition to basic features allowing customers to send and receive bitcoins.
It offers spot
trading and
trading on
margin, with a leverage
of 1:15, and has
traded more than $ 100 billion in
virtual currencies so far this year.