The Japanese authorities believe that the control over the digital currency market needs to be tightened at the global level.
According to Mamoru Yanase, who represents the Japan Financial Services Agency, the work of crypto companies can be regulated using the same mechanism that applies to the banking sector.
Developed countries have been able to develop a system of effective control over the traditional finance market, and now it is necessary to apply it to digital assets as well.
Japan believes that global crypto regulation should be tough, only in this case, companies will be able to ensure the safety of investors and increase the transparency of transactions with tokens.
