Regulations governing crypto could be set for a change – with the sector’s governing body preparing to reform laws that pertain to stablecoins and security tokens. Trust banks could also be given the power to handle crypto, as is already the case in the United States.
Per the Japanese media outlet CoinPost, the Financial Services Agency (the nation’s top financial regulator) has released a new series of financial administration policy recommendations. The document makes multiple mentions of crypto-related matters.
The new recommendations speak of crypto in a much more positive tone than has recently been the case. The agency claims that in order to help usher in a “digital society,” it will “promote the development of an environment” where “digital money and cryptocurrency” can thrive “in order to promote the development of Web3 and the metaverse from a financial perspective.”
The agency wants to classify stablecoins into two legally recognized categories – namely “digital...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...