Japanese Financial Institution Will Change Virtual Money Trading Rules

2018-7-3 09:06

Japanese financial regulator the Financial Services Agency (FSA) is considering to change the legal basis for how it regulates cryptocurrency exchanges, local media Sankei reports July 3.
The FSA reportedly is considering to regulate crypto exchanges by the Financial Instruments and Exchange Act (FIEA), instead of its current legal foundation, the Payment Services Act.
Should the FSA start regulating exchanges under the FEIA, crypto will be treated as a financial product.
The FIEA will also open up the possibility of introducing crypto derivatives like exchange traded funds (ETF).
The self-regulatory exchange body aims to better align with existing anti-money laundering (AML) regulations, and will also prohibit the trading of anonymity-based cryptocurrencies like Monero and Zcash.

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Источник: bitcoints.com

financial considering → Результатов: 11


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2018-6-14 23:00


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