- Japan’s latest FSA commissioner shares his thoughts on crypto regulations in the country.
- He says it’ll take more convincing to loosen up crypto regulation in Japan.
- The present regulations are working well to protect users and combat money laundering.
Junichi Nakajima is Japan’s newest Financial Services Agency FSA Commissioner. As the FSA chief since July, Nakajima shares his opinion on the matter of easing crypto regulations in Japan.
In detail, he says that it is going to take a lot more to make crypto investments easy for the people of Japan. Specifically, Nakajima says he has an open mind on the possible benefits that come from assets like Bitcoin.
In particular, he sees that Bitcoin has the power to allow its users to transfer cash speedily and at minimal costs. However, at the moment, Japan is mostly using this asset to make investments and not simply to transfer money.
He highlights the fact t...