Tag: FSA

Japan's Financial Services Agency (FSA) has released a discussion paper proposing a new regulatory framework for digital assets, titled "Verification of the State of the System Related to Crypto Assets." The paper suggests classifying cryptocurrencies into two categories based on fund distribution. The FSA seeks public feedback on the proposal ...

Dubai’s financial regulators are set to launch the country’s first Tokenization Regulatory Sandbox, inviting crypto firms to participate in a controlled testing environment. According to an official announcement, registrations will be open from March 17 to April 24 under the supervision of the Dubai Financial Services Authority (DFSA). The initiative, ...

Japan’s Cabinet has approved a proposal to amend the Payment Services Act, paving the way for more flexible stablecoins and crypto brokerages regulations.  The bill, submitted to the National Diet on the same day of approval, could lower entry barriers for crypto firms in Japan, according to a press release ...

Japan’s Financial Services Agency (FSA) is reportedly exploring the possibility of classifying cryptocurrencies as financial products akin to securities, according to Yahoo Japan, which cites local media sources. The agency has initiated private consultations with experts to reassess the current regulatory framework. The FSA is expected to outline its policy ...

Apple has quietly removed several cryptocurrency exchange apps from its App Store for Japanese users. The move was reportedly in response to warnings from the country’s Financial Services Agency (FSA). According to Yahoo Japan, the apps of major exchanges, including Bybit, KuCoin, Bitget, MEXC, and LBank, are no longer accessible ...

Japan's regulators are adopting a conservative approach toward spot cryptocurrency exchange-traded funds (ETFs), in contrast to the more open policies seen in the U.S. and Hong Kong, according to Oki Shiozawa, investment director at Sumitomo Mitsui Trust Asset Management. Shiozawa, speaking with the Financial Times in a recent interview, stated ...

Japan is set to reevaluate its cryptocurrency regulations, potentially leading to reduced taxes and enabling domestic funds to invest in crypto, according to Bloomberg. Bloomberg reportedly spoke to an official from the country’s top financial regulator, the Financial Services Agency (FSA). In the coming months, the FSA will evaluate whether ...

Japan's Financial Services Agency (FSA) and the National Police Agency (NPA) have recommended measures to encourage mainstream banks to enhance customer protection, especially with transactions involving cryptocurrencies. In a press release published on February 14, 2024, the FSA emphasized the disturbingly high number of cases involving specialized fraud and noted ...