e_abrams Posted July 30, 2021 #1 Posted July 30, 2021 Japan is looking into introducing more stringent cryptocurrency regulation. The local financial regulator, the Financial Services Agency (FSA) and the Ministry of Finance are working on establishing a totally new regulatory framework. So far the Ministry of finance is hiring more operatives while the regulator FSA is focusing on the future of cryptocurrency regulations. The FSA also founded a new division as part of the agency that will be focusing on various cryptocurrency-related affairs, though for the moment there are no available details. According to recent reports, however, Japanese officials are worried about how privately held funds are influencing financial systems and regulators want to know what the consequences of using stablecoins are. Source: https://theforexreview.com/2021/07/20/japan-talk-of-new-crypto-regulation-during-volatile-times/ Japan has long been welcoming to cryptos so they likely won’t ban the industry but the regulators will probably want to have a closer oversight on it.
rata4 Posted July 31, 2021 #2 Posted July 31, 2021 They just made deal with RIpple and since then xrp is going up.
Brainmanager Posted August 6, 2021 #4 Posted August 6, 2021 so would xrp go up alot further you think? 8-)
e_abrams Posted January 20, 2022 Author #7 Posted January 20, 2022 On the downside, many jurisdictions are introducing cryptocurrency bans. So far, about 50 jurisdictions globally have done so: https://theforexreview.com/2022/01/05/cryptocurrencies-banned-in-50-global-jurisdictions/ Personally, I think Japan's approach is better.
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