Japan’s FSA [Financial Services Agency] has officially announced it’ll hire Ryozo Himino as its next leader.
Earlier within an official 20th July update to the Financial Services Agency’s executive directory, Himino is now listed as the commissioner of the watchdog group. The regulator was formerly the agency’s International Financial Deputy Counselor along with the first Japanese Chairman of the standing committee of the FSB [Financial Stability Board].
Moreover, the new commissioner might be fairly bullish on cryptocurrency himself. In his role serving as the agency’s International Financial Deputy Counselor, Himino was instrumental in assisting Blockstream’s Adam Back to a seminar at a G20 meeting in Fukuoka last June. Additionally, he has compared Facebook’s digital currency Libra to a time clock, therein it makes “regulators & central bankers open their eyes.”
BoJ Forming A New Research Team
As reported earlier on 20th July, the BoJ [Bank of Japan] was forming a new team to explore research on a CBDC [Central Bank Digital Currency]. The BoJ was already working with 5 other central banks from Canada, the United Kingdom, Sweden, Switzerland as well as the European Union to think about the feasibility of digital assets.
The appointment of a cryptocurrency-friendly regulator like Himino could potentially accelerate the timeline to release a digital yen in Japan.