AI TRENDS | Japan Liberal Democratic Party Official Calls for Easier Crypto Leverage Rules

Japan Liberal Democratic Party official Seiji Kihara, who leads the party's Next-Generation AI and On-Chain Finance initiative, said at a financial conference on July 14 that current rules limiting crypto leveraged trading to 2x are too strict. According to Foresight News, he said loosening the restrictions is needed to restore market liquidity and price discovery. The discussions are aimed at using virtual currencies to attract capital back to Japan.