And so the control begins. According to the agency's reorganization plan, the asset management and insurance market oversight bureau is expected to help Japanese people transition from savings to investments in new products on the financial market.$SOL
The bureau intends to pay special attention to financial institutions. A 'supervision planning officer' will be appointed to oversee credit unions and cooperatives related to virtual currencies. The new structure will also receive a mandate to develop legislation for crypto companies and digital financial services, the agency reported. According to the authorities' plan, this should provide reliable protection for investors and help Japan strengthen its position as a leading financial and digital market in the region.
Previously, the Financial Services Agency of Japan published a document proposing to divide digital assets into two categories: commercial and non-commercial#Write2Earn! #write2earnonbinancesquare #hiperplane #NewsAboutCrypto
