Tagged: fsa

September 3, 2020 @ 10:43 am By Samantha Hurst  |  

BitGo, a digital asset financial services provider, announced on Wednesday that Bitgate, a Financial Services Agency (FSA) regulated exchange based in Japan, has selected its Self-Managed Custody solution to hold Bitgate customers’ digital assets securely and meet new regulations. According to BitGo, The regulations came… 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

January 16, 2020 @ 9:25 am By Cali Haan  |  

Japan’s Financial Services Agency (FSA) plans to further reduce allowable limits on leveraged cryptocurrency bets, down from 4X of customer deposits to 2X. Japan’s Cabinet voted to greatly reduce leveraged crypto trades on local platforms last April. At that time, permitted leveraged trades were reduced… Read More

August 31, 2019 @ 2:30 pm By Cali Haan  |  

The agency regulating Japan’s financial markets, the Financial Services Agency (FSA), with the cooperation of the Japan Virtual Currency Exchange Association (JVCEA), has called on the country’s crypto sector to make sure it is familiar with revised laws The agency has also announced it will be… 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

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 13, 2018 @ 11:00 am By Cali Haan  |  

Onsite inspections of 16 licensed cryptocurrency exchanges and 7 with licenses pending in Japan has revealed generally loose business practices and controls, according to a report released last Friday by the Japanese Financial Services Agency (FSA). The inspections were conducted by the FSA in cooperation with… Read More

May 5, 2018 @ 9:49 am By Cali Haan  |  

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

April 26, 2018 @ 9:57 am By JD Alois  |  

The Financial Services Authority (FSA) in Japan has hit another cryptocurrency exchange with an enforcement action. According to the FSA’s site, “Everyone’s Bitcoin” has received an “administrative punishment” for not abiding by compliance rules for cryptocurrency exchanges. The FSA states that due to reports from… Read More

March 23, 2018 @ 1:24 pm By JD Alois  |  

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

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

July 7, 2017 @ 3:36 pm By Cole Lyons  |  

It is fair to say that over the past couple years, Fintech has taken the financial industry by storm. Their new-age approach to classic finance has added value to both companies and consumers. Because of this, many countries have decided to ride this wave of… Read More