The new chief of Japan’s financial watchdog has stated that he is not interested in deregulating the trading of cryptocurrencies such as Bitcoin and ETH.
Ryozo Himino, who was appointed to lead the Japanese Finance Services Agency (FSA) in July, instead told Reuters that he was more interested in the development of central bank-issued digital currencies (CBDCs).
“Deregulating bitcoins and other cryptocurrencies may not necessarily promote technical innovation, if doing so simply increases speculative trading. We’re not thinking of taking special steps to promote cryptocurrencies.”
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