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Japanese financial regulator considers imposing stricter crypto rules

Published 08/24/2021, 04:24 AM
Updated 08/24/2021, 06:00 AM
Japanese financial regulator considers imposing stricter crypto rules

Japan’s financial regulator, the Financial Services Agency (FSA), has started discussions around imposing stricter regulations for cryptocurrencies in an effort to provide better protection to Japanese investors.

Back in July, the FSA established a dedicated section as well as a panel of financial experts to help the government oversee digital and decentralized finance. The agency will also be responsible for keeping track of developments in cryptocurrencies and central bank digital currency initiatives, as reported by Jiji Press.

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