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Japan Pushes for Tougher Crypto Regulations
Japanese financial regulators have urged their counterparts globally to toughen crypto regulations, according to a Bloomberg report. The call was made by the Deputy Director-General of the Financial Services Agency’s Strategy Development and Management Bureau, Mamoru Yanase while speaking about FTX Japan.
Recall that last week, the Delaware Bankruptcy court handling the FTX Bankruptcy case agreed to the sale of FTX Japan and three other assets. Following this, 41 companies showed interest in the sale, including Monex. Monex CEO, Oki Matsumoto, believes buying FTX Japan will reduce the competition in the local market.
Yanase noted that the FTX subsidiary’s assets have been separated from the rest of FTX. He stated that the Japanese regulator is communicating closely with FTX Japan and the firm will resume withdrawals in February.
What Tougher Crypto Regulations Will Look Like
Yanase noted that the problem wasn’t with cryptocu

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