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Former Top Japanese Regulator Joins Crypto Exchange DeCurret as Adviser
Toshihide Endo was commissioner of the Financial Services Agency (FSA) from 2018 to 2020.
Updated May 9, 2023, 3:17 a.m. Published Mar 23, 2021, 9:21 a.m.
Japanese cryptocurrency exchange DeCurret has appointed the nation's former top financial regulator, Toshihide Endo, as a special adviser.
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- In an announcement on Monday, DeCurret said Endo will join the exchange on April 1 to advise on its management policies and strategy for digital currency-related business.
- Prior to joining the exchange, Endo was commissioner of the Financial Services Agency (FSA) from 2018 to 2020, supervising Japan's financial and banking industry, including the cryptocurrency sector.
- He had held other roles at the FSA since 2014, and before that a number of senior positions within regulatory bodies stretching back to 1988.
- In an interview with Reuters in 2018, Endo said he had, “no intention to curb (the crypto industry) excessively,” and aims to strike a balance between safeguarding clients and promoting technological innovation.
- Last year, DeCurret hosted a study group with three major banks looking at developing a digital payment system to address concerns about cryptocurrencies.
Read more: Bank of Japan Governor Stresses Need to Prepare for Digital Currency Launch
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French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients
The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.
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- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
- The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.
- The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.
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