Japanese financial watchdog agency, Financial Services Agency(FSA) indicated a significant drop in the volume of inquiries made regarding the cryptocurrency. The drop in the data in Japan from the Counseling Office for Financial Services Users resembles a drop in the cryptocurrency prices over the past couple of months.
The quarter ending on 30th June 2019, Counseling Office dealt with 494 queries, which are less when we compare it with the first quarter of 2019. In the first quarter, it dealt with 574 queries. This drop in the number indicates the slump that was faced by the crypto market in the past few months. This drop also points out at the hype surrounding digital assets in Japan and the increase in the regulatory grip of Japenese authorities.
