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Japanese financial control body appoints new commissioner

 

The Financial Services Agency of Japan (FSA) has officially announced that it will hire Ryozo Himino as its next leader.

In a July 20 update from the FSA’s executive board, Himino is now listed as the watchdog commissioner. The regulator was previously the agency’s Deputy International Financial Advisor and the first Japanese chairman of the Financial Stability Board (FSB) Standing Committee.

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Himino will replace outgoing commissioner Toshihide Endo, whom Bitcoin optimist Anthony „Pomp“ Pompliano described in his role with the FSA as „a great supporter of Bitcoin and the Lightning Network.

However, the new commissioner can be quite optimistic about cryptomontages. In his role as the agency’s Deputy International Finance Advisor, Himino was instrumental in helping bring Adam Back from Bitcoin Rejoin to a seminar at a G20 meeting in Fukuoka last June. He also likened Facebook’s virtual currency, Libra, to an alarm clock, in that it makes „regulators and central bankers open their eyes“.

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Bank of Japan forms CBDC research team

Cointelegraph reported on July 20 that the Bank of Japan (BoJ) was forming a new team to explore research on central bank digital currencies (CBDC). The BoJ was already working with five other central banks in Canada, the United Kingdom, Sweden, Switzerland and the EU to consider the feasibility of digital currencies.

The appointment of a regulator such as Himino could potentially accelerate the timeline for launching a digital yen in Japan.