The Financial Services Agency, one of Japan’s regulators, argued that the cryptocurrency industry needs the same level of control and regulation as traditional finance.
According to a report by Bloomberg Japan Financial Services Agency Executive Bureau Deputy General Manager Mamoru Yanase He made important statements about cryptocurrencies. Calling for an effective and constructive regulation on cryptocurrencies, Yanase should be taken seriously argued.
crypto industry with financial institutions and banks Emphasizing the need for regulation at the same level, the official said, USA and EUHe urged the regulators in . to show the same sensitivity. Yanase, who did not limit his call to the USA and the EU, added that all countries on a global scale should “request precise information” on consumer protection measures from local exchanges.
If you want to implement effective regulation, you must apply the same regulations you apply for traditional institutions.
FTX Yanase also touched upon the issue of FTX Japan’s withdrawals. continue as of February He stressed that he was waiting. “We are in close contact with FTX JapanUsing the expressions, Yanese stated that they are making the necessary effort to ensure that customers do not become victims.