Japan to reportedly take action to scrutinize crypto globally

Japan to reportedly take action to scrutinize crypto globally

The Japanese Ministry of Finance is hiring more staff to develop stricter global rules for digital currencies, particularly fiat-pegged stablecoins. Japan is strengthening its efforts to regulate digital currencies on a global scale, with related government authorities reportedly looking to expand staff to impose stricter rules.Japanese regulators have expressed fresh concerns over the massive growth of the cryptocurrency market, particularly cautioning against stablecoins, Reuters reported on Friday.Tokyo is willing to engage with global financial regulators to develop stricter rules for....


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