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Italy’s Financial Watchdog Raises Concerns Over Unregulated Cryptocurrency Market

The chairman of Italy’s financial regulator has raised concerns over the cryptocurrency market without proper regulation. “Without proper oversight there could be a worsening in market transparency, the basis of legality and rational choice for (market) operators,” he said. Chairman of Italy’s Securities Regulator Sees Issues With Unregulated Cryptocurrency Market The chairman of the Commissione Nazionale per le Società e la Borsa (Consob), Paolo Savona, voiced concerns regarding cryptocurrency Monday. Consob is the government authority of Italy responsible for regulating the Italian securities market. He said as he presented the watchdog’s yearly report: Without proper oversight there could be a…

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Japanese Regulator Aims to Implement FATF Rules Toward Crypto Companies in 2022

Japan’s Financial Services Agency (FSA) has revealed that the regulating body will adopt the Financial Action Task Force (FATF) “travel rule” and standards toward the cryptocurrency industry throughout the nation. Meanwhile, FATF’s rule has been considered far-reaching and the organization Global Digital Finance and the company’s advisory member, Malcolm Wright, hopes industry innovators will help shape the regulatory conversations. Japan’s Financial Services Agency Is Ready to Follow FATF’s Lead Japan, the island country in East Asia with its 125 million people has seen cryptocurrency spread throughout the country since the early days, with a myriad of exchanges residing in the…

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Japanese Financial Services Agency Appoints New Commissioner

The Japanese financial services agency has just appointed a new commissioner as per the reports that we have in our latest crypto regulation news. Ryozo Himino will take over the Japanese Financial Services Agency as the new leader of the agency. In the latest update of the Financial Services Agency’s executive director, Himino is now listed as the new commissioner of the financial watchdog. The regulator was formerly the Deputy Counselor of the International Financial Agency and the First Japanese Chairman of the Standing Committee of the Financial Stability board. Himino will be replacing the outgoing commissioner Toshihide Endo who…

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