1. Home
  2. News
  3. Regulation

Japan Wants to See Crypto Grow Under Appropriate Regulation

News
Japan Wants to See Crypto Grow Under Appropriate Regulation

The Financial Services Agency (FSA) - the financial regulator of Japan - has no plans to implement “excessive” control over the cryptocurrency industry. Japan was the first country to introduce formal regulatory measures for the market.

 The regulator closely monitors crypto exchanges operating in Japan. The FSA issued the results of an inspection earlier this month, which concluded that new applicants will go through stronger vetting procedures.

 According to local news outlet Nikkei, the FSA’s policy will be “to conduct further rigorous examination, such as confirming the effectiveness of the business plan and the internal management system on site with the registration applicant.”

 At the same time, the head of the FSA told Reuters that they “have no intention to curb (the crypto industry) excessively. We would like to see it grow under appropriate regulation.”

23 Aug 2018

Subscribe to our newsletter

Our newsletters are sent on a regular basis and are aiming to provide you most overall market situation

Latest news

New Token Listings: VeChain and Gemini USD

New Token Listings: VeChain and Gem...
21 Sep 2018

New Release: Fortuna

Fortuna has launched a beta version...
21 Sep 2018

ICORating Is Media Partner For Crypto Economy World

Crypto Economy World is a series of...
21 Sep 2018

ICORating To Participate In Blockchain East Summit

The Blockchain East Summit and Trad...
20 Sep 2018

ICORating Announces Collaboration With Binance Info

ICORating and Binance Info are now ...
20 Sep 2018

New Token Listings: ChainLink and Waves Platform

Trading pairs of initial coin offer...
20 Sep 2018

New Releases: Remme And Tezos

Remme and Tezos have officially lau...
19 Sep 2018

Poloniex To Delist Assets On September 25

Poloniex crypto exchange is set to ...
19 Sep 2018

Meet ICORating At The East-West Crypto Conference In Frankfurt

ICORating’s Head of Partnerships,...
19 Sep 2018