CoinVoice has recently learned that according to Jinshi, Japan plans to evaluate the effectiveness of its cryptocurrency regulations. This review will be carried out in the next few months and may pave the way for the country to launch a cryptocurrency exchange-traded fund (ETF).
An official from Japan's Financial Services Agency (FSA) said the review will measure whether the country's current approach to cryptocurrency regulation under the Payment Services Act (PSA) is sufficient. Originally enacted in 2009, the PSA has been amended several times by Japanese lawmakers to address changes in the financial services landscape sparked by the emergence of digital currencies. The bill recognizes Bitcoin (BTC) and other cryptocurrencies as legal property. It also requires cryptocurrency exchanges to register and comply with the country's anti-money laundering (AML) and counter-terrorism financing (CFT) obligations. [Original link]
