Japan will not implement Basel crypto regs by 2026, says FSA
Regulator cites country’s limited exposure to digital assets as reason for not meeting deadline
Japan has no set timeframe for implementing the Basel Committee on Banking Supervision’s standards for crypto assets and will not implement them by the committee’s January deadline, the country’s financial regulator has said.
In an interview with Central Banking in Tokyo, Minoru Aosaki, international office director at Japan’s Financial Services Agency (FSA), says the country will not meet the deadline in part because of Japan’s limited exposure to crypto assets. He says the FSA would also rather
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