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Japanese Regulator Likely to Create New DeFi, NFT and CBDC Regulations

Amy Liu

Summary: Japan’s top financial regulator, the Financial Services Agency (FSA) issued an official announcement stating that it would launch a “study group” that would look at ways “to deal with digital and decentralized finance and other matters.” The group, the agency added, would also look at ways to deal with the digitization of remittance systems and ...

Japan’s top financial regulator, the Financial Services Agency (FSA) issued an official announcement stating that it would launch a “study group” that would look at ways “to deal with digital and decentralized finance and other matters.” The group, the agency added, would also look at ways to deal with the digitization of remittance systems and digital securities-related items.The FSA added that it would look at cryptoasset-related policy, as well as matters pertaining to central bank digital currencies (CBDC) and NFTs. 

By Amy Liu

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