Founder of Secured Finance: Japanese regulators will not introduce any mandatory regulations like the US SEC | RockTree OG Talk

Odaily News - In an online live broadcast of the "RockTree OG Talk Series," Masa Kikuchi, the Founder and CEO of Secured Finance, stated that the regulatory differences between the United States and Japan lie in the fact that the Japanese regulators do not introduce any mandatory regulations like the U.S. SEC. Instead, they have the motivation to promote legislation that encourages the development of Web3.0. On the other hand, although the U.S. regulatory authorities are powerful themselves, they cannot directly promote or legislate, which is the difference between the two. Specifically, the Japanese legislative authorities are set to introduce a bill that encourages the use of virtual currencies for interbank transactions, and different banks have already formed a banking consortium to launch a stablecoin pegged to the Japanese yen, signaling a positive development. He further added that the emergence of the stablecoin pegged to the Japanese yen can greatly stimulate Japan's domestic economic development. In the future, transactions and settlements can be conducted using the stablecoin, playing a key role in the global financial market. For Secured Finance, they also aim to connect the real economy and real currency using cryptocurrencies, with the Japanese stablecoin being an important service target. It is worth noting that the "RockTree OG Talk Series" online live broadcast is jointly organized by RockTree Capital, a top Web3.0 investment fund, and Odaily. In this episode, guests from institutions such as Baker & McKenzie and Secured Finance AG were invited to discuss cryptocurrencies under global regulation. This episode of the OG Talk Series aims to break information barriers and provide comprehensive insights into SEC regulation.