Tagged: japan

Japanese Securities Firms Form Security Token (STO) Self Regulating Body

Representatives from Monex, SBI Securities, kabu.com Securities, Daiwa Securities, Nomura Securities and Rakuten Securities have formed the “Japan Security Token Offering Association” to self-regulate and advocate for security token offerings (STOs) in Japan. According to an announcement from Monex, “the Japan STO Association primarily works… Read More

Payment Technology Platform InComm Teams Up With Mizuho Bank to Expand J-Coin Pay in Japan

InComm, a payments technology company, announced on Monday it has partnered with Mizuho Bank to expand its payment service J-Coin Pay to its retail network in Japan. InComm reported that through the partnership, a network of more than 18,000 retail locations, which including pharmacies, supermarkets,… Read More

Japanese Crypto Exchange Coincheck Suspends New Orders for Margin Trades, Will Cut Existing Margin Trades by 20%

Japanese cryptocurrency trading platform Coincheck has suspended new orders for margin trading and will reduce margins on pending trades from 5X to 4X on October 31st, 2019. The company also warns (according to an automated translation): “The amount of margin required will change constantly, so… Read More

CCAF Benchmarking Report: Global Regtech Tops $5 Billion in 2018 as Startup Activity Surges

The Cambridge Centre for Alternative Finance (CCAF) has published its first “Global RegTech Benchmarking Report,” sponsored by EY Japan. According to the research, the Regtech industry has topped $5 billion in revenue in 2018 following a five-year surge in startup activity. CCAF reports that, while… Read More

FIN/SUM Fintech & Regtech Summit – Tokyo

FIN/SUM is a fintech summit and conference that connects the global finance and tech industries while promoting disruptive innovation across the globe. It grew to be the largest and most influential fintech summit in Japan and one of the largest in Asia and globally. The… Read More

Japan’s Finance Regulator Reminds Crypto Sector About Revised Laws, Plans More Laws

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

Wirex Becomes Type II Member of the Japan Virtual Currency Exchange Association

Wirex, a hybrid personal finance platform that merges blockchain tech and traditional finance, announced on Thursday it has become a type II member of the Japan Virtual Currency Exchange Association (JVCEA). Wirex claims that becoming a type II member is a vital and hard-earned step… Read More

15 Governments Collaborating on Global Crypto Monitoring Network

About 15 countries are collaborating on a system to collect and share identifying data about individuals trading cryptocurrencies, Nikkei Asian Review reports. The news follows other reports this week that Japan’s Ministry of Finance and Financial Services Agency (FSA) have offered to build a regulated global network… Read More

Regulated Japanese Crypto Exchange SBI VC is Now FATF Compliant in Partnership with CoolBitX

Regulated crypto exchange SBI VC (spun out from SoftBank), based in Japan, is now FATF compliant. Earlier this year FATF announced a set of requirements regarding “virtual asset service providers” or VASPs (mainly crypto exchanges). These new rules require the tracking and storing of all… Read More

Report: Japan Moving to Implement Regulated Global Cryptocurrency Trading Network

Japan financial authorities are building a regulated global network for cryptocurrency transfers and trades similar to SWIFT, an anonymous source from the Japanese governments has told Reuters. The system will be developed in cooperation with other countries sand should launch within a few years. Reuters… Read More

Ripple Announces Expansion of University Blockchain Research Initiative Program to Japan

Ripple, a provider of enterprise blockchain solutions for payments, announced on Tuesday it has expanded its University Blockchain Research Initiative (UBRI) to Japan. According to Ripple, the expansion brings on new partners including Kyoto University and the University of Tokyo. While sharing more details about… Read More

110 Crypto Trading Platforms Seeking Licenses in Japan, Down From 160

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

Following $32 Million Hack, Cryptocurrency Platform Bitpoint Suspends Operations

Bitpoint, a licensed cryptocurrency exchange based in Japan, has reportedly shut down operations following a hack that caused the platform to lose ¥3.5 billion yen ($32 million) in cryptocurrency.  According to Bloomberg, The exchange revealed about 2.5 billion yen of stolen funds belonged to customers,… Read More

Bank of Japan Officials Fear Facebook Coin Could Destabilize Global Financial Systems

Officials at the Bank of Japan, Japan’s central bank, are reportedly concerned that Facebook’s new “difficult to regulate” cryptocurrency could have a calamitous effect on global financial systems, all while exploiting those very systems without paying the costs, Nikkei Asian Review (NAR) reports. Legislators in… Read More

V20 Looks to Pull Global Crypto Industry Together, MOU Signed by National Trade Associations

The V20 Summit, a crypto focused event taking place alongside the G20 in Japan, has announced a Memorandum of Understanding (MOU) signed by a “group of key national trade associations” to create a single association to provide a unified, global voice representing “Virtual Asset Service… Read More

Digital Assets: Key Goal of V20 is to Explore Solutions and Come Up with a Solution to FATF Guidelines Impacting VASPs

Later this week the V20 conference will take place alongside the bi-annual G20 event being hosted in Japan. The G20 is, of course, the global powwow of 19 leading nations plus the EU. While mostly a lot of hobnobbing and back-room policy wrangling, while in… Read More

V20 to Discuss Challenges from FATF Guidance Impacting Virtual Asset Service Providers

The Financial Action Task Force (FATF) is out with their “Guidance for a Risk-based Approach: Virtual Assets and Virtual Service Providers.” This guidance, which was widely expected to be released today, should be rubber-stamped at next week’s G20 meeting in Japan. The proposals included in… Read More

Hello Japan: Securitize Partners with the Japan Security Token Association to Accelerate Digital Securities

Securitize and the Japan Security Token Association (JSTA), an association advocating for a compliant digital securities industry, have partnered to accelerate the adoption of digital securities in Japan. According to a release, Securitize and JSTA will work closely with financial institutions and businesses to educate… Read More

G20 Finance Ministers Affirm Amended FATF Guidelines for “Crypto Assets” in Fukuoka, Say They’ll Be Adopted in Osaka

Finance Ministers from the world’s 20 most powerful economies have “…reaffirm(ed) (their) commitment to applying the recently amended FATF Standards to virtual assets and related providers for AML (anti-money laundering) and CFT (anti-terrorist finance),” in a communique issued from a meeting they held this weekend… Read More

“Virtual Asset” Industry Reps Holding “V20” Summit to Coincide with G20 Osaka Meeting

Leaders from the 20 most powerful economies in the world may discuss creating a global regulatory framework for “crypto assets” at their forthcoming meeting in Osaka in June (G20 2019 Japan), and “Virtual Asset Service Providers” (VASPSs) are holding their own concurrent meeting (V20), “…to deliver… Read More

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