Japan’s Financial Services Agency (FSA) wants to strengthen its monitoring operations in the cryptocurrency space, which will require expanding the unit tasked with such supervision. The regulator is looking to add 12 members to that team to handle the fast pace growth in the crypto market, FSA policy director Kiyotaka Sasaki was cited as saying by Reuters.
Japan is among the most important markets in the cryptocurrency and blockchain space. Cryptocurrencies became a legal payment method in early 2017, and the FSA now grants special licenses to crypto exchanges that comply with the established rules.
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