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.
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/
Disclaimer: CoinNewsDesk.com is a crypto news portal, financial discussion forum, and content curator / aggregator. Articles on Coin News Desk are provided for informational purposes only. We are not an investment advisor and do not provide financial advice.
It’s also important to it properly to diligence and analysis, including consulting a professional financial advisor, No content on Coin News Desk makes up a recommendation to enter in any type of investment or to engage in any investment strategy present on this website.