Japanese FSA to Support ‘Crypto Freedom’ Under Proper Regulation

  • Yuri Molchan
    📰 News

    Head of the FSA confirmed that he believes that it is possible to find a healthy middle ground between consumer protection and technological innovations


Japanese FSA to Support ‘Crypto Freedom’ Under Proper Regulation

In a recent interview, the head of the FSA confirmed that he believes that it is possible to find a healthy middle ground between consumer protection and technological innovations.

Toshihide Endo, the FSA commissioner, stated that the agency does not intend to stifle innovative technologies, on the contrary, the government is interested in their further development.

As a reminder, back in July the FSA mulled changing the legal methods of regulating crypto trading companies in the country by categorizing virtual coins as financial tools rather than means of payment and initiated massive checks of exchanges.

Cover image via u.today
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About the author

Yuri has worked in crypto since 2017. A translator, quickly became a crypto enthusiast. He has worked for several Telegram channels covering cryptocurrencies. Currently is a news writer, covering crypto and blockchain-related topics.

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