Japan

The move is aimed at ensuring stability in the market and easing tight JGB liquidity in the repo market.

MUFG says CLSNet will enable it to improve operational efficiency and reduce risk for currencies that are not currently eligible for CLSSettlement.

The BOJ's next phase of CBDC testing will involve Japan's three megabanks as well as regional banks. A digital yen could be issued in 2026.

The paper considers how sustainability-linked derivatives would be classified and regulated in Japan.

ESMA decision will block EU banks from dealing with Indian CCPs after 30 April 2023. India faces similar standoffs with UK and Japanese regulators.

The FSA's Hiroshi Ozaki and Daisuke Mamba look back at the last four and a half years in the fight against money laundering and terrorist financing in Japan.

A Web 3.0 study group will establish a DAO to better understand its benefits and limitations and make recommendations to the government.

DBS, JP Morgan and SBI Digital Asset completed the pilot. Two other pilots are being launched by StanChart, HSBC, UOB and Marketnode.

SMBC Nikko has already been ordered to suspend its block trading business for 3 months. The trial is set to end on 26 Dec and a verdict delivered on 13 Feb.

GIFT City and the Fintech Association of Japan plan to launch a fintech accelerator and other entrepreneurial programmes.