Blog: Japan Pushes Global Counterparts to Regulate Crypto Like Banks – Bloomberg

Japan is urging the world’s regulators to treat crypto as strictly as they do banks, adding to the calls for tougher rules following the collapse of Sam Bankman-Fried’s FTX digital-asset exchange.

“Crypto has become this big,” Mamoru Yanase, deputy director-general of the Financial Services Agency’s Strategy Development and Management Bureau, said in an interview. “If you like to implement effective regulation, you have to do the same as you regulate and supervise traditional institutions.”

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