Japanese FSA to Support ‘Crypto Freedom’ Under Proper Regulation

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Yuri Molchan
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
Cover image via U.Today

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.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.