Tagged: financial services authority

Japan: Financial Services Authority Approves Crypto Garage for Fintech Sandbox, the First Blockchain and Finance Project Authorized

Crypto Garage has accepted into the Japanese Financial Services Authority (FSA) Fintech Sandbox program. This is the first blockchain and finance project authorized by the Sandbox. The FSA announced the news in a release which was followed by a post by the parent company of… Read More

Japan’s Financial Services Authority May Limit Crypto Margin Trading

Japan’s Financial Services Authority (FSA), the independent regulator of the financial services sector there, is considering imposing a limit as low as 2-1 on margin trades of cryptocurrency conducted on local exchanges, Nikkei Asian Review (NAR) reports. The move is being contemplated as a measure to… Read More

Japan Regulators Urging Crypto Exchanges to Exclude Anonymous Altcoins

Forbes has reported that sources close to Japan’s Financial Services Agency (JFSA) have confirmed that the agency is encouraging the country’s crypto exchanges to exclude anonymous cryptocurrencies Monero (XMR), Zcash (ZEC), and Dash (DASH) from trading on their exchanges. The suggestion comes as a number… Read More

Cryptocurrency Exchange Binance Receives Warning from Japanese Financial Services Agency

The Financial Services Agency (FSA) in Japan has slapped Binance with a warning regarding cryptocurrency exchanges that operate without being registered with the FSA. Binance is one of the largest cryptocurrency exchanges in the world. Recently, the crypto-exchange thwarted a hack attack. Binance then placed… Read More

Japan Blockchain Alliance Provides Guidance on ICOs

The Japan Blockchain Alliance (JBA) has published guidance for Initial Coin Offerings (ICOs) for sales to residents of Japan. The JBA said there was a misconception regarding ICOs sold to Japanese citizens as there are no existing regulations or, alternatively no Japanese laws apply if… Read More

Indonesia: New Fintech, P2P Regulations Released

Indonesia has released a new set of regulations for the fintech sector, in particular, for peer to peer lending platforms. According to a report in Deal Street Asia, the Indonesian Financial Services Authority (OJK) laid out the following rules: Registration – P2P lending (pinjam meminjam) startups must… Read More

Pittance: Japan Invested All of $44 Million in Fintech During 2015

While the rest of the developed world, and some of the developing world, is rushing to embrace the Fintech revolution Japan is mired in the financial past.  Japan possesses the worlds 3rd largest economy as measured by nominal GDP yet they have done little when… Read More

Launched: Modalku, Indonesia’s New Marketplace For P2P Lending, To Help SMEs With Crowdfunded Loans

Based in Jakarta, Indonesia, a new marketplace for peer-to-peer (P2P) lending officially launched today to give Indonesia’s small and medium enterprises (SMEs) greater access to funding by means of loans pooled from crowdfunding, according to a story in the JakartaGlobe. Modalku offers companies quick access to non-collateral loans with interest rates between… Read More

UC Berkeley’s Fung Institute for Engineering Leadership estimates size of crowdfunding market to be at least $3.98B

Fung Institute Estimate includes both Debt and Equity Crowdfunding for the US Market Crowdfund investing will go live later in 2013. With the release of the proposed crowdfunding rules, a wave of small business and startup financing is expected to sweep the nation. In a… Read More

Crowdfunding websites clamor for clearer regulation

(Reuters) – A new breed of internet-based financiers are calling for action to end regulatory uncertainty they say is preventing them from getting money to the small and medium-sized businesses that need it. The so-called crowdfunding sector raises cash from members of the public to… Read More

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