Cryptocurrencies have become one of the hottest topics in the financial world since their meteoric rise in 2017. With their incredible potential to change the way we think about money and investments, they have continued to fascinate the public and draw the attention of the financial sector. Unfortunately, despite their promise, cryptocurrencies remain largely unregulated and without a government controlling them. This lack of oversight has left crypto vulnerable to exploitation, it is very important to save investors from any point of being exploited. In light of this, the Japanese financial regulators have recently urged for global regulation to catch up with this rapidly evolving industry. Japan is calling for governments to monitor cryptocurrencies just as closely as they do traditional banks.
This imminent regulation could provide the much-needed oversight to prevent further fraud and allow for greater trust in the industry. Japanese regulators have also suggested the possibility of new investment strategies and strategies to ensure the safety of investors through increased disclosure from the founders of these projects. These strategies may include increased transparency in terms of financials and risk management. This transparency could help provide assurance to potential investors. This way, it will help more and more people to invest in this industry.
