Japan is developing rules for storing coins, the University of Tokyo launches a blockchain curriculum. EU authorities will not delay the adoption of laws.
Japan is very loyal to cryptocurrencies, but there is a strict set of rules and regulations for the industry. Regulators are now concerned about the problem of storing digital assets. Trade occurs on stock exchanges that are licensed by the Japan Financial Services Agency (FSA). But the procedure for storing cryptocurrency falls out of the law.
In this part there are problems that require quick solutions. Since the storage services are not accountable, they are not responsible for the loss of customer funds. In connection with this, a set of norms is being developed that should bring order to the industry. It is not yet specified when the transition to the new rules will begin, but a special commission has already begun their development.
More about crypto regulation in Japan
European Commissioner for the Development of the Digital Economy, Maria Gabrielle, said that the community will actively promote the idea of the blockchain. This technology has great potential, and it will give a new impetus to the development of the economy.
This was said after the round table, which was held in Brussels. Representatives of the industry discussed the prospects and plans for further development. It is noteworthy that the event was attended by delegates from business giants such as Bosch, Philips, Shell, Airbus and many others. There were also blockchain experts here. In particular, members of the Ripple team attended the round table.
The University of Tokyo received $ 800,000 to create a specialized blockchain course. The funds were donated by a number of companies, among which there are such big names as Sumitomo Mitsui, Zipper and Money Forward.
The goal of the course will be to educate students who want to open a business in the area of decentralized solutions. For three years they will be able to gain knowledge that will allow them to develop and implement their own projects. The first lesson was held in November 2018. In the world, the department for the training of specialists in the cryptocurrency market is gaining popularity. At least a dozen higher educational institutions in the world have already introduced similar courses into their programs.