Deregulating Crypto Could Spark More Speculation Says Japan's FSA

Cointelegraph

Published Aug 05, 2020 07:47AM ET

Updated Aug 05, 2020 09:20AM ET

Ryozo Himino, the new commissioner of Japan's Financial Services Agency, says the agency is wary of deregulating private cryptocurrencies.

Noting that the COVID-19 pandemic could accelerate the transition to a cashless society, Himono instead emphasized the potential role of central bank digital currencies (CBDC) to spearhead innovation in digital payments.

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