The Japanese finance guard appoints new commissioner

The Japanese financial services agency (FSA) has officially announced it will hire Ryozo Himino as its next leader..

In a July 20 update to the Financial Services Agency’s Executive Directory Himino now appears as commissioner of the surveillance group. The regulator was previously the agency’s deputy international financial advisor and the first Japanese chairman of the Financial Stability Board (FSB) Standing Committee.

Himino replaces outgoing commissioner Toshihide Endo, bitcoin optimist Anthony “Pomp” Pompliano described in his role at the FSA as “a great defender of Bitcoin and the Lightning Network”.

The Japanese finance guard appoints new commissioner
The Japanese finance guard appoints new commissioner

However, The new commissioner can be quite optimistic about cryptocurrencies. As the agency’s deputy international financial advisor, Himino has been instrumental in bringing Blockstream’s Adam Back to a seminar at a G20 meeting in Fukuoka last June. Also, has compared Facebook’s virtual currency, the Libra, to an alarm clock in the sense that “regulators and central bankers open their eyes”..

The Bank of Japan forms a CBDC investigation team

Cointelegraph reported on July 20 that The Bank of Japan (BoJ) formed a new team to investigate central bank digital currency (CBDC) research.. The BoJ has worked with five other central banks in Canada, the UK, Sweden, Switzerland and the EU to assess the profitability of digital currencies.

The appointment of a regulator like Himino could potentially shorten the deadline for introducing a digital yen in Japan.

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