Japan has no intention to excessively curb the cryptocurrency industry, according to FSA, commissioner of the country's Financial Services Agency (Toshihide Endo). Endo told Reuters that the regulator was trying to promote innovation while also protecting consumers, adding it would like to see the industry grow under appropriate conditions. The rise of blockchain and bitcoin has seen governments across the world struggle with how to position the assets. Governments such as China have banned them outright, while Japan is one of several in favour of their growth in a regulated environment – with 16 government-approved cryptocurrency exchanges.
Japan has no intention to excessively curb the cryptocurrency industry, according to Toshihide Endo, commissioner of the country's Financial Services Agency (FSA). Endo told Reuters that the regulator was trying to promote innovation while also protecting consumers, adding it would like to see the industry grow under appropriate conditions. The rise of blockchain and bitcoin has seen governments across the world struggle with how to position the assets. Governments such as China have banned them outright, while Japan is one of several in favour of their growth in a regulated environment – with 16 government-approved cryptocurrency exchanges.