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Deregulating Crypto Could Spark More Speculation Says Japan’s FSA

Deregulating Crypto Could Spark More Speculation Says Japan’s FSA

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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