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Monday

26 July 2021

Japan Ramps Up Efforts towards Regulating Cryptocurrencies

Japan Ramps Up Efforts towards Regulating Cryptocurrencies


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US media outlet Reuters revealed that Japanese finance regulators had expressed their intentions to step up regulatory efforts on cryptocurrencies.

The unit will also oversee decentralized finance, a new form of finance that does not rely on third-party financial intermediaries. .

As a result, it is understood that many regulators want to place a crypto framework that would prevent any cryptocurrency from disrupting existing financial systems.

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