Japanese FSA to Support ‘Crypto Freedom’ Under Proper Regulation

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

Thu, 23/08/2018 - 10:51

Japanese FSA to Support ‘Crypto Freedom’ Under Proper Regulation

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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.

About the author

Yuri Molchan

Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He 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.