Japan has moved closer to easing its cryptocurrency leverage trading rules after a senior ruling party lawmaker said the current 2x cap is too restrictive for market liquidity and price discovery.
Summary
- Japan’s ruling party is considering easing the country’s 2x crypto leverage limit to improve market liquidity and price discovery.
- Lawmaker Seiji Kihara said the current restriction is too strict and backed regulatory changes for leveraged crypto trading.
- The proposal follows Japan’s recent decision to classify cryptocurrencies as financial products under updated financial laws.
- The regulatory overhaul also lays the groundwork for lower crypto taxes and domestic…
