Japan grants cryptocurrency industry self-regulatory status

Self policing has certainly worked very well in the regular financial industry...er...no...wait a minute...

Just another reason not to put money into cyberspace. “A fool and his money are easily parted.”

Just another reason not to put money into cyberspace. “A fool and his money are easily parted.”

Yes. Better to put it into the stock market and investment firms and banks, where you can be parted from your money by trained and licensed professionals.

What a great idea, not.

Government no clue what to do, you guys look after yourselves. It's worked for the car industry, construction, Labour Laws, financial industry, manufacturing, higher education, nuclear industry, hospitals, but we are sure you will do a Cracker Jack job, not self serving at all.

LOL!!!! You know what "self regulatory" means..... it means you're on your own as an investor. If your coins are stolen.... bye bye and good luck. If there is a massive heist of coins.... no one is going to follow up. It will be open hunting for Yakuza types to screw people. The Government probably gave the Yaks control of cryptocurrency as a trade for opening public casinos.

Self-regulation never works.