The Japanese Liberal Democratic Party's Web3 Working Group held a study session to discuss the regulation of crypto assets

ChainCatcher News, the Web3 Working Group of the Liberal Democratic Party of Japan's Digital Society Promotion Headquarters held its second study session, focusing on the review of regulations related to crypto assets (virtual currencies).

The meeting discussed the different regulatory approaches to crypto assets compared to traditional securities and explored the direction for future regulatory revisions. Participants believed that, in addition to investor protection, it is necessary to consider the coordination with overseas regulations and the smoothness of transactions, suggesting further improvements to disclosure regulations, market access, and conduct standards.

In addition, some experts pointed out that the existing regulatory framework should be abandoned, and more detailed regulatory discussions should be conducted based on the characteristics of crypto assets.