Tagged: fsa

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

June 2, 2017 @ 8:41 am By JD Alois  |  

Jakarta based Amartha (PT Amartha Micro Fintek) a peer to peer lending platform launched in 2010, is now officially registered with the Directorate of Institutional and Product IKNB (Financial Industry Non Bank) Financial Services Authority ( FSA). Amartha said the approval by the financial regulators… 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

March 4, 2016 @ 10:28 am By Samantha Hurst  |  

This week, Swedish crowdfunding platform, FundedByMe, announced it has received approval from the FSA for its loan making process. FundedByMe revealed: “In light of the material FSA has received, in the request, judges FSA to FundedByMe Crowdfunding Sweden Aktiebolag [does not] need to take any… Read More

February 4, 2016 @ 6:00 am By Erin Hobey  |  

Indonesia’s Financial Services Authority (FSA), which regulates the banking and non-banking sector, is working with the Ministry of Communications and Information to bring out regulations governing online startup companies offering financial services, popularly referred to as fintech, reported DealStreetAsia. Indonesia is Southeast Asia’s largest economy (US$890B).  The new regulation will… Read More

August 5, 2015 @ 10:07 pm By JD Alois  |  

The Financial Conduct Authority (FCA) has announced that Megan Butler will be joining the FC to take the role of Director of Supervision – Investment, Wholesale and Specialists. Megan is currently Executive Director of International Banks Directorate at the PRA. Megan starts on the 1 September and… Read More

December 23, 2014 @ 8:00 am By Erin Hobey  |  

The European Alternative Finance Benchmarking Survey deadline has been extended until 6 January 2015. In late November  The University of Cambridge teamed up with EY, the global professional services organization, and launched the European Alternative Finance Benchmarking Survey with the support of major European industry associations. As readers may know, this is the largest… Read More

April 2, 2013 @ 8:19 am By JD Alois  |  

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

February 28, 2013 @ 5:59 am By SWNW  |  

Budding investors have been warned to be on their guard against Dragon’s Den-style ‘crowdfunding’ ventures. Experts fear that thousands of people could be left “high and dry” unless tighter controls on the practice are put in place. Crowdfunding appeals to amateur investors because it gives… Read More

February 11, 2013 @ 8:15 am By Out-Law.com  |  

Earlier this month Crowdcube became the first equity crowdfunding platform to gain regulatory approval from the Financial Services Authority (FSA). Crowdcube is a forum that allows businesses to advertise projects they are seeking financial support for and, in return, give investors a share in the… Read More

February 4, 2013 @ 7:50 am By JD Alois  |  

UK based equity crowdfunding platform Crowdcube has finally become authorised and regulated by the British Financial Services Association (FSA).  The original application for authorization was submitted in 2011. This event makes Crowdcube the first authorized crowdfunding platform to allow investors to become direct shareholders in UK… Read More

January 7, 2013 @ 7:51 pm By JD Alois  |  

Coming from the pages of the Financial Times is an article today regarding the desire by some of the burgeoning group of Crowdfunding platforms.  Some of these new financial platforms have been requesting regulation by the Financial Services Authority (FSA). In lieu of uncertain or… Read More