Odaily News: The Japan Crypto-Asset Business Association (JCBA) submitted a revised proposal to the Japan Crypto-Asset Exchange Association (JVCEA) to revise the leverage ratio of crypto-asset margin trading. JCBA pointed out that compared with other derivatives (financial derivatives) markets, the current leverage ratio regulation is excessive, so the association proposed to change the calculation method based on past price fluctuations, and requested JVCEA to cooperate in implementing the revised proposal. Previously, the maximum leverage for personal cryptocurrency margin trading in Japan was set at 25 times, the same as the domestic foreign exchange margin trading market, but it was further revised in October 2019 and lowered to 4 times. In May 2020, with the Financial Instruments and Transactions With the implementation of the Law, this ratio was reduced to 2 times. In addition, the enterprise previously introduced a method of calculating leverage based on the past weekly price fluctuations of each token. In the amendment proposal, the JCBA stated that this method applicable to enterprises should also apply to individuals. The current enterprise leverage ratio is 4 to 9 times. JCBA emphasized: “In order for crypto-assets to be recognized as an official asset class, it is necessary to develop the derivatives market while developing the spot market.” The revised leverage ratio is also intended to attract those who move to overseas exchanges in search of higher leverage. The user returns to Japan. ”(Coinpost)