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Japan’s Financial Service Agency Appoints New Commissioner Ryozo Himino

Japan’s Financial Agency (FSA) has officially announced that it will hire a new leader, Ryozo Himino.

On July 20 an update to the Financial Services Agency’s executive directory, notified that the new leader Ryozo Himino is now listed as the commissioner.

Previously, Himino was the agency’s International Financial Deputy Counselor.

He was also the first Japanese Chairman of the Standing Committee of the Financial Stability Board (FSB).

Himino will be replacing commissioner Toshihide Endo, who bitcoin advocate, Anthony Pompliano described his role within the FSA as “a big proponent of Bitcoin and Lightning Network.”:

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 🙏🏽 — Pomp 🌪 (@APompliano) September 3, 2019

However, the new commissioner might be bullish on crypto too as, during his role as the agency’s International Financial Deputy Counselor, Himino helped out in helping bring Blockstream’s Adam Back to a seminar at a G20 meeting in Fukuoka last June.

Himino has previously compared Facebook’s Libra to an “alarm clock” as regulators keeps a watch of it every minute.

Recently, the Bank of Japan (BoJ) announced that it was forming a new team to explore research on CBDC.

The bank is already working with five other central banks from Canada, the U.K., Sweden, Switzerland, and the EU to consider the feasibility of digital currencies.

A crypto-friendly regulator like Himino himself could accelerate digital yen release in Japan.

Source: Cointelegraph | Image Credit: Bloomberg



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