Japan will share a solution for regulating cryptocurrencies with other G20 nations' central banks and finance ministers during a summit in June, according to local media. Japanese regulators are reportedly compiling a handbook, which other nations can use to aid regulation. Issues such as protecting customer assets and preventing cyber attacks will be addressed. The move comes after the U.S. Securities and Exchange Commission (SEC) issued guidance on how it would regulate digital currencies last month. The country saw two of its major crypto exchanges hacked during 2018, resulting in Japan's Financial Services Agency increasing its oversight.
Japan will share a solution for regulating cryptocurrencies with other G20 nations' central banks and finance ministers during a summit in June, according to local media. Japanese regulators are reportedly compiling a handbook, which other nations can use to aid regulation. Issues such as protecting customer assets and preventing cyber attacks will be addressed. Japan legalised cryptocurrency as a form of payment in 2017. The country saw two of its major crypto exchanges hacked during 2018, resulting in Japan's Financial Services Agency increasing its oversight.