Japanese FSA to Support ‘Crypto Freedom’ Under Proper Regulation

News
Thu, 08/23/2018 - 10:51
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
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.

Subscribe to U.Today on Twitter and get involved in all top daily crypto news, stories and price predictions!

About the author

Yuri is a 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. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today, can be contacted at yuri.molchan@u.today.

This site uses cookies for different purposes. Please set your preferences in Cookie Settings and visit our Cookie policy for more information on how and why cookies are used on this site. Click here for cookie policy