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Bitcoin.com

2023-01-19 02:30:17

Japan Urges Regulators Worldwide to Subject Crypto Exchanges to Bank-Level Oversight

Japan Urges Regulators Worldwide to Subject Crypto Exchanges to Bank-Level Oversight

Japan has reportedly urged other countries, including the U.S., to regulate crypto exchanges like they do banks. A top official at the Financial Services Agency explained that the recent FTX implosion wasn’t brought on by crypto technology but by “loose governance, lax internal controls, and the absence of regulation and supervision.” Bank-Level Cryptocurrency Regulations Japan’s

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