Data from Japan’s financial regulator authority shows that the Crypto queries continue to decline

0
492
Abstract Analysis Analytics Business Bitcoin Symbol

The Financial Services Agency (FSA) has published today the data for the fourth quarter of 2018 on the number of requests for information on cryptocurrencies, still showing declines.
The latest data were published at the end of December 2018. The Japanese oversight agency received 788 requests for information on virtual currencies, just over half of the requests in the third quarter of 2018 (1.231).
The report says that 235 cases, or 29%, concern general questions and questions. 228 cases, or 28%, are related to the results of individual transactions.
Since the beginning of 2018, the number of requests has decreased by almost five times compared to the 3,559 requests registered by the FSA during the first three months of 2018.
In mid-2018 the FSA commissioner had stressed that Japan wanted the growth of the cryptocurrency industry to be regulated by strict legal regulation, plans were announced to increase registration procedures for crypto trades.