The Financial Services Agency of Japan wants crypto to be regulated like banks.The country’s crypto policy has helped local FTX investors to access their funds.
Japan’s top regulator is looking to impose stricter rules on the volatile crypto industry. The idea is to subject the crypto industry to regulations similar to those used for banking and traditional finance (TradFi).
According to a report published by Bloomberg, the deputy director-general of the Financial Services Agency’s Strategy Development and Management Bureau, Mamoru Yanase, has urged regulators around the globe to implement tougher regulations on the crypto sector.
(By Suzuki Shillsalot)
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