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

Japan Urges US and Other Countries to Regulate Cryptocurrency Exchanges Like BanksJapan 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 […]

Go to Source

Powered by WPeMatico

Global Regulators ‘Going Full Steam’ on Crypto — Official Says ‘Current Structure Is No Longer Fit for the Purpose’

Global Regulators 'Going Full Steam' on Crypto Regulation — Official Says 'Current Structure Is No Longer Fit for the Purpose'Global regulators are “going full steam” on cryptocurrency regulation. “The current structure is no longer fit for the purpose with the development of cross-border digital market activities,” said the chairman of France’s markets watchdog AMF. Global Regulators Going Full Steam on Cryptocurrency Regulation Robert Ophèle, chairman of France’s markets watchdog, the Autorité des marchés financiers […]

Go to Source

Powered by WPeMatico