Japan’s top financial regulator, the Financial Services Agency, has exclusively shared with news.Bitcoin.com the details of its first-ever roundtable on cryptocurrency oversight. Regulators from over 15 countries participated in the event to share information and discuss cryptocurrency regulatory issues.
Crypto Roundtable for Global Regulators
The Japanese Financial Services Agency (JFSA) recently hosted its first-ever international cryptocurrency roundtable. The event was entitled “Roundtable on supervisory oversight of crypto-assets — recent developments and challenges going forward.”
The agency described, “The roundtable brought together relevant financial supervisors and international organizations, providing a useful opportunity to share experiences and discuss issues of crypto-assets, which could contribute to strengthen international cooperation.”
The JFSA told news.Bitcoin.com on Thursday:
In the future, we want to hold this roundtable on regular basis … JFSA considers it important to share information with respective regulatory authorities and to build on supervisory cooperation in order to prevent money laundering because of the borderlessness of crypto-assets.
According to the agency, participants have expressed their willingness to participate in similar roundtables in the future.
Furthermore, the agency clarified, “The purpose of this roundtable is not to reach agreements on any new laws and regulations but to share information on challenges faced by respective regulatory authorities and regulatory frameworks as well as to co-operate and work internationally.”
Sharing Information With Over 15 Countries
Four main issues were discussed by roundtable participants, the JFSA detailed. Firstly, recent crypto-related technological developments and challenges were discussed. Secondly, the regulators shared their thoughts on the supervision of cryptocurrency trading platforms. The third topic of discussion was about “possible areas of international cooperation,” followed by the final topic of “investor protection and market integrity.”
Without identifying specific countries that participated in the first roundtable,