The Financial Services Agency of Japan is seeking public comments on a new regulatory proposal that categorizes crypto assets into two types
ChainCatcher News, the Financial Services Agency of Japan has released a discussion paper titled "Review of the System Structure Related to Cryptocurrency." The deadline for public comments is May 10.
Since July 2024, the agency has been validating the system based on the current state of cryptocurrency transactions. The Financial Services Agency of Japan values "creating an environment that balances user protection and promoting innovation," and plans to use the opinions collected this time as a basis for considering future regulatory reviews.
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