Sources: Japan's cryptocurrency industry to launch self-regulating body - RTRS

Reuters quotes the sources involved in the negotiations, as saying that Japan’s two cryptocurrency industry groups are planning to merge to form a self-regulating body, in a preemptive measure to avoid frauds such as last month’s $530 million Coincheck heist of digital money.

The sources said the Japan Blockchain Association and the Japan Cryptocurrency Business Association are expected to merge as early as April.