Japan’s FSA Gets a New Commissioner

Japan’s FSA Gets a New Commissioner

A new commissioner has been appointed for the Financial Services Agency of Japan. He is Ryozo Himino, the former International Financial Deputy Counselor of the same agency.

The FSA of Japan made public its decision to promote Ryozo Himino to the post of the commissioner of the agency.

The announcement about Himino’s promotion was given on July 20. Apart from being the International Financial Deputy Counselor for the Financial Services Agency, he was also the first person from Japan to serve as the chairman of the Standing Committee of the Financial Stability Board (FSB).

Himino is taking over from Toshihide Endo, who was described by Anthony Pompliano (fondly called Pomp) as a “a big proponent of Bitcoin and Lightning Network” even in his service as FSA’s commissioner.

There are also expectations that the new commissioner will showcase his interest in Bitcoin. In his capacity as the International Financial Deputy Counselor, he successfully invited Adam Back of Blockstream to talk about blockchain at the last G20 meeting which held in June 2019. He has also discussed about Facebook’s Libra and its advantage in awakening regulators and central banks.

A new research team for the digital yen

Japan’s central bank has thought it wise to create another team that will look into the development of the digital yen. The Bank of Japan is trying to make sure it comes out strong so it didn’t hesitate to combine efforts with the central banks of Canada, U.K., Switzerland, European Union, and Sweden.

With Himino’s appointment as the new commissioner, it is possible that the digital yen will be actualized sooner than later.

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