FINSUM 2019 was launched on 03.09.2019 in the Japanese capital, Tokyo. Organized by the NIKKEI INC and the Japan Financial Services Agency (FSA), the three-day event to a Mega-Fintech, Blockchain, crypto, and Finance-the-future Event.
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Bitcoin bull and Morgan Creek Digital’s co-founder, Anthony Pompliano, was part of the Show and gave a Keynote on the topic of “Defining the Future of Money”.
Apparently, Pomp had after the series of discussions, the opportunity to meet two important leaders of the FSA – the Commissioner Toshihide Endo, and the Director for Fintech, and Innovation, Jumpei Miwa.
The financial Supervisory authority, is impressed with Bitcoin and the associated scaling solution Lightning Network(LN). According to Mr. Pompliano has proven to be the FSA as a serious supporter of the world’s leading crypto-currency and the LN.
Japan’s Financial Services Agency is a big proponent of Bitcoin and Lightning Network.
This is the Agency’s Commissioner (top boss) on the left and the Director of Innovation on the right.
The first country that embraces Bitcoin will have a significant advantage ?? pic.twitter.com/cgPkZcZCKQ
Pomp ? (@APompliano) 3. September 2019
On the question of whether FSA is a Bitcoin and Lightning Network advocates from the Lightning Torch Movement, replied Pomp, with the words:
You have a pretty clear legal framework, they want Bitcoin/LN is successful, you have told me explicitly that they believe that open networks will win and they hope to be a world leader when it comes to take on both aspects of the technology.
Japanese Central Bank has been promoting Bitcoin
As the Nikkei Asian Review reported, was quoted by an important Japanese Central Bank official: “We promote Bitcoin, but only with controls”. In addition, the FSA is already doing to monitor the crypto-currency trading in the country in Accordance with the requirements to combat money laundering.
The Financial Stability Board (FSB) has appointed Ryozo Himino, Deputy international Minister of the Japanese Financial Services Agency, the Chairman of the Committee for cooperation in supervision and regulation (SRK) of the FSB. According to the press release, the leader of the FSA from September 2019 for a two year term.
In the sea of regulatory change is a welcome change, since most States tend to be more negative towards Bitcoin. Despite the regulatory uncertainty, the Analyst suspected PlanB that Bitcoin will reach after the Halvening is $50,000.
Text evidence: bitcoinis, HIMADRI SAHA