Tagged: financial services agency

October 31, 2023 @ 11:38 am By JD Alois  |  

Yesterday, CI reported that multiple regulators around the world had announced a partnership to collaborate on digital asset, or crypto asset, innovation. The goal is to enable innovation to thrive while protecting investors. The agencies participating in the partnership include the UK Financial Conduct Authority… Read More

October 21, 2023 @ 9:00 pm By Michael Wong  |  

In a bid to augment the funding pool for burgeoning growth sectors, Japan’s financial watchdog, the Financial Services Agency (FSA), intends to amplify the amount retail investors can allocate to unlisted startups, as reported by Nikkei Asia. The current regulation allows retail investors to contribute… Read More

June 5, 2020 @ 3:44 pm By Omar Faridi  |  

Japan’s largest banks will be looking into the potential benefits of using electronic money and digital currencies in order to make banks and cashless payments systems interoperable. The initiative has been launched by Japan’s Mitsubishi UFJ Financial Group, the world’s fifth-largest bank in terms of… Read More

May 18, 2020 @ 7:54 am By Omar Faridi  |  

Norbert Gehrke, founder and representative director at Tokyo Fintech, an initiative that supports community-led innovation in Japan’s financial services sector, notes that the country’s economy and business transactions are still “highly paper-based.” Gehrke has worked as managing director at Goldman Sachs’ Technology Division and Barclays… Read More

May 10, 2020 @ 8:00 pm By Omar Faridi  |  

Japan is reportedly planning to ease its investment rules and requirements, in order to make it more convenient for banks to invest in Fintech companies. The country is hoping that more relaxed investment guidelines will promote the local lending industry. The lenient policies should help… Read More

May 1, 2020 @ 1:01 am By Omar Faridi  |  

Japan’s financial regulator, the Financial Services Agency (FSA), has certified two organizations as Certified Financial Instruments and Exchange Associations. As confirmed in an announcement made on April 30, 2020, the FSA has officially recognized the Japan STO (security token offering) Association and the Japan Virtual… Read More

February 24, 2020 @ 2:25 pm By Omar Faridi  |  

Central bank heads and finance ministers recently held discussions regarding crypto-asset regulations at the G-20 summit.  Japanese officials working at the Bank of Japan (BOJ), the nation’s Ministry of Finance (MOF), and Financial Services Agency (FSA) have held talks in order to determine whether the… Read More

July 12, 2019 @ 4:55 pm By Cali Haan  |  

More than a hundred proposed “crypto asset” exchange projects are seeking permission to operate in Japan, according to information furnished to Bitcoin.com by an official from Japan’s financial market regulator, the Financial Services Authority (FSA). “The number of crypto asset exchange service providers which have… Read More

April 23, 2019 @ 12:15 pm By Cali Haan  |  

The Japanese agency responsible for overseeing the country’s banking, insurance and securities sectors conducted flash on-site inspections last week at local offices of the Huobi cryptocurrency exchange and at the FISCO Virtual Currency Exchange (formerly Zaif), Reuters Japan reports. Regulators from the Financial Services Agency… Read More

April 19, 2019 @ 7:48 am By Cali Haan  |  

The recent loss of $190 million CAD by the now-defunct Canadian cryptocurrency exchange QuadrigaCX appears to have alerted regulators across the globe to additional complexities affecting the safe storage of cryptocurrencies at relevant businesses. Quadriga has claimed it lost access to the funds following the… Read More

January 9, 2019 @ 10:54 am By Cali Haan  |  

Regulators from the Japanese Financial Services Agency today told Cointelegraph Japan that, contrary to information provided by an anonymous source to Bloomberg, the agency is not contemplating approving Bitcoin ETFs in Japan right now. According to an FSA source to Cointelegraph: “We are not considering… Read More

September 24, 2018 @ 11:02 am By Cali Haan  |  

The Japanese Financial Services Agency (FSA) and a crypto industry self-regulatory body have both taken action following last week’s $60 million hack on licensed Japanese cryptocurrency exchange Zaif, Cointelegraph reports. The hack, which has been publicly acknowledged by the company, took place over two hours on Friday,… Read More

September 1, 2018 @ 1:22 pm By Cali Haan  |  

Japan’s banking, securities and insurance regulator, the Financial Services Agency (FSA), has told Bitcoin.com that around 160 companies have applied to open cryptocurrency exchanges in the country: “Including preliminary consultation/inquiries regarding registration, around 160 operators are expressing their intention of market entry.” The applications appear to… Read More

August 24, 2018 @ 4:06 pm By JD Alois  |  

Buried within a report from Bloomberg this week was an interesting statement from Japan. Speaking with the relatively new Commissioner of the Japanese Financial Services Agency, Toshihide Endo, the public official shared his thoughts on cryptocurrency and Japan. Japan became a haven of sorts for… Read More

August 8, 2018 @ 9:33 am By Cali Haan  |  

Relatively loose Japanese laws designed to facilitate the use of cryptocurrencies at the retail level will soon be revised to reflect their actual use as speculative investments, Japan Times reports. Initial laws enshrined in April 2017 made Japan was one of the first powerhouse economies… Read More

April 13, 2018 @ 2:54 pm By JD Alois  |  

A subsidiary of Yahoo Japan is getting into the cryptocurrency space with an investment in the parent company of BitArg Exchange, CMD Lab. A post on the Tokyo based exchange home page stated; “Today, the Company decided to accept capital participation from Z Corporation, a… Read More

April 4, 2018 @ 2:07 pm By Samantha Hurst  |  

On Wednesday, Japan’s Financial Services Agency (FSA) announced it Exchanged of Letters for Cooperate Framework on fintech with the Swiss Financial Market Supervisory Authority (FINMA). According to the organization, this Cooperate Framework recognizes the global nature of innovation in financial services and intends to enhance… Read More

January 27, 2018 @ 7:39 am By JD Alois  |  

Numerous reports are indicating leading cryptocurrency exchange Coincheck has experienced a serious security breach. Estimates indicate that over $530 million in digital currency may have been stolen or about 58 billion yen of the virtual currency. Coincheck, based in Tokyo, has reported the “illegal outflow… Read More

March 13, 2017 @ 9:23 am By JD Alois  |  

Less than a week after Japan inked an agreement to partner with the Financial Conduct Authority in the UK, the Financial Services Agency (FSA) in Japan has announced a cooperation framework with the Monetary Authority of Singapore (MAS). Similar to other existing arrangements by MAS,… Read More

March 9, 2017 @ 8:29 am By JD Alois  |  

The Financial Services Agency of Japan (JFSA) and the UK’s Financial Conduct Authority (FCA) have announced a “Co-operation Framework” to support innovative Fintech firms. This “Exchange of Letters” between the JFSA and the FCA is intended to provide a regulatory referral system for “Innovator Businesses”… Read More