Japan’s Financial Services Agency recently issued a statement urging global regulators to consider treating cryptocurrencies and digital assets in the same manner as banks.
According to the Japanese regulator (FSA), crypto should be controlled in much the same way that traditional financial institutions have been regulated in the past few decades. Tighter regulatory oversight over the crypto sector would mean adopting standards and policies that are at par with what banks and digital „neobanks” aspire to.
“If you like to implement effective regulation, you have to do the same as you regulate and supervise traditional institutions,” opines Mamoru Yanase, deputy director-general of the country’s Financial Services Agency – Strategy Development and Management Bureau.
This varies from country to country, though, and while Japan’s financial regulatory climate has often been perceived as carrying with it a good reputation, the fact that crypto projects, exchanges, and even fledgling prot
We współpracy z: https://cryptodaily.co.uk/2023/01/japans-fsa-thinks-crypto-should-be-treated-like-banks
