GreySpark Partners Certify Japanese Financial Services Agency as “Virtual Currency Supporters”
GreySpark Partners, a British consulting firm, ranked the FSA’s approach to cryptocurrencies and ICO as a supporter, in a report entitled “Growth Chart of Cryptocurrency.”
This shows that Japan’s attitude toward cryptocurrencies has been praised from the world.
Gray Spark Partners points out that Japan is “becoming a hot spot for cryptocurrency exchanges and can comply with strict rules.”
Although reinforcement of domestic regulation can be felt as annoying by some, viewed from a different standpoint, if an exchange is approved by the Japanese FSA, it can appeal to the rest of the world.
Therefore, it can be said that exchanges that are currently registered and operating but have not received business improvement orders are secure and can be trusted to some extent.
Gray Spark Partners sees Japan’s FSA as “making sanctions while strengthening regulations to protect investors and market growth,” and for the FSA’s efforts, the friendliness towards cryptocurrency was given full marks, friendliness towards ICO was given the third highest rating among the four stages, and was evaluated as prudent but favorable, and overall accreditation was cited as one of the most highly regarded supporters.
The countries that are rated higher than Japan include Switzerland, Malta, and Ukraine. On the other hand, the overall evaluation of the United States, the UK, and Korea was at a lower level. China was rated as having a hostile attitude towards cryptocurrencies.
From now on, this material will be a reference to how the vendors involved in cryptocurrencies will make strategies for globalization. Staff of relevant ministries and agencies in the country will also raise their awareness of regulatory efforts accordingly.
Gray Spark Partners, based in the UK and having branches around the world, is engaged in finance and high-tech research and consultancy business, and is often quoted in major media such as the Financial Times, Bloomberg, Coindesk, etc. We have established its existence as a company providing valuable information.
By submitting reports on various cryptocurrencies in the future, ambiguous sections should be clarified.
