Home / Crypto News / The Financial Services Agency shows the policy of changing the name from “cryptocurrency” to “crypto asset”

The Financial Services Agency shows the policy of changing the name from “cryptocurrency” to “crypto asset”

Three points of this article!

  • Policy to change the name “cryptocurrency” to “crypto asset” by the Financial Services Agency
  • Received illegal outflows and price volatility, it is considered more speculative “asset” than “currency”
  • I plan to revise the law at the National Diet next year

Article Source: Financial Services Agency, “cryptocurrency” as “encryption asset” Change policy

The Financial Services Agency has indicated that it is a policy to change the designation of ” cryptocurrency ” to ” encryption asset .

On 14th, the Financial Services Agency indicated that it is a policy to change the name of “cryptocurrency” under the law to “dark asset”.

In the Financial Settlement Law, which came into effect last year, the Financial Services Agency used “cryptocurrency” as a means of settlement.

However, due to the occurrence of multiple illegal outflow incidents, instability of price repeating volatility, policy to assume that “cryptocurrency” is an “asset” more speculatively treated as “currency” It is .

The FSA also shows that it is a policy to further strengthen the regulation along with this change of name.

It is an idea that it aims at amending the law at the ordinary Diet session next year at the earliest.

Daichi

It seems that the name “crowded asset” is already becoming common at international conferences such as G20.

Author: Daichi – Source Post: https://crypto-times.jp/cryptoassets/

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