Deputy director-general of the Financial Services Agency’s Strategy Development and Management Bureau, Mamoru Yanase, said crypto needs to be controlled. Crypto regulators in the U.S. and Europe have been urged to enforce the same rules for crypto exchanges as they do for banks and brokerages. Demands were also laid down for money laundering prevention, strong governance, internal controls, auditing and disclosure.
Japanese Regulators Want Crypto Treated Like Traditional Banks