Binance CEO Richard Teng praised Japan’s clear regulatory framework and fast cryptocurrency adoption, highlighting that crypto accounts surpassed 11 million final yr.
Teng emphasised that such open insurance policies encourage secure and sustainable progress within the cryptocurrency discipline whereas talking on the World Monetary Expertise Community Discussion board in Japan.
Japan’s crypto regulatory framework, led by the Monetary Companies Company (FSA), maintains transparency and security through the Cost Companies Act (PSA) and the Monetary Devices and Trade Act (FIEA).
Exchanges are required to register, abide by stringent AML/CFT laws, and undergo supervision by self-regulatory organizations such because the Japan Digital Foreign money Trade Affiliation (JVCEA). FSA lately warned Bybit, KuCoin, MEXC Global, Bitget, and Bitcastle for unregistered operations.
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