Japan’s financial regulators have urged global regulators to treat cryptocurrency in the same way that they do banking, calling for stricter regulations in the sector. Mamoru Yanase, deputy director-general of the Financial Services Agency’s Strategy Development and Management Bureau, believes that cryptocurrency must be regulated. “If you want to implement effective regulation, you have to do the same thing you do when you regulate and supervise traditional institutions,” he said, according to a Bloomberg report on Jan. 17.
