Japan

Taxes will be raised on those who earn over JPY 3 billion through stocks and real estate. A corporate surtax of 4 to 4.5 percent will also be adopted.

In a PoC, GLEIF demonstrated that embedding LEIs in eSeals allowed Japanese and European entities to transact digitally with greater trust.

The FSA had ordered FTX Japan to suspend business operations by 9 December. The extension until 9 March 2023 will allow it to return funds to users.

The guidelines and associated reporting requirements will take effect on 1 April 2024, incorporating the UTI and CDE.

In an ASIFMA survey, capital market participants ranked Singapore as the top market for its political environment and predictable and transparent regulatory policy.

The revisions will allow Japanese authorities to criminally punish crypto firms that do not comply with the Travel Rule.

The letters of cooperation come after two years of negotiations between Indian and Japanese regulators on CCPs.

The sanctions were imposed in response to recent ballistic missile tests, including one that had enough range to reach the US mainland.

Under Japanese law, crypto businesses are required to keep users’ assets segregated, shielding FTX Japan from the bankruptcy proceedings in the US.

JPXI will acquire SCRIPTS Asia, which creates English transcripts of investor events held by listed companies and distributes them to domestic and overseas investors.