2018-7-5 05:46 |
Regulation
Japan’s top financial regulator has responded to media reports that it is considering overhauling the way cryptocurrency is regulated in the country.
The authority has been under fire for the inadequacy of its crypto exchange registration process after it issued business improvement orders to a number of exchanges it previously approved.
Japan Confirms Entrance Into the Crypto Space
FSA Reportedly Considering New Crypto Law
On Tuesday, June 3, the Sankei Shimbun reported that Japan’s top financial regulator, the Financial Services Agency (FSA), is considering overhauling the way cryptocurrency is regulated in the country.
by the revised fund settlement law, but if it becomes subject to the regulation by the Financial Instruments and Exchange Act, it will be treated as a financial product.
Following these orders, the FSA has come under fire for how it approves crypto exchanges.
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