Japan

Crypto / Digital Assets

Japan to Introduce New Legislation to Safeguard Crypto Assets

By Thisanka Siripala | 08/11/2024

Legislation will require foreign-based crypto exchanges facing financial distress to maintain crypto assets belonging to domestic investors in Japan.

Market Infrastructure

Japan FSA Proposes to Open Access to Foreign Financial Services

By Thisanka Siripala | 08/11/2024

Currently, Japanese investors face certain restrictions when accessing foreign financial platforms. A proposed amendment will change this.

Enforcement

Japan FTC Fines Four Non-Life Insurers for Collusion

By Thisanka Siripala | 08/11/2024

The four insurers engaged in price-fixing activities in violation of the Antimonopoly Act, resulting in total penalties of ¥1.95bn, or $13mn.

Crypto / Digital Assets

Major Japanese FIs Call on FSA to Allow Crypto ETFs

By Thisanka Siripala | 07/11/2024

MUFJ Trust Bank, Nomura, Daiwa Securities, and bitFlyer are among calling for the introduction of crypto ETFs in Japan to enhance its global competitiveness.

Enforcement

Sumitomo Mitsui Trust Bank Probing Insider Trading Case

By Thisanka Siripala | 07/11/2024

Sumitomo Mitsui Trust Bank disclosed that a former employee used non-public company information to conduct multiple insider trading transactions.

Securities / Derivatives

Mizuho to Launch Saudi-focused ETF for Japanese Investors

By Thisanka Siripala | 07/11/2024

Mizuho signed an MoU to collaborate with Saudi Arabia’s Public Investment Fund to launch an ETF which will track the FTSE Saudi Arabia Index.

Crypto / Digital Assets

Hong Kong’s OSL Group Expanding to Japan via Acquisition

By Thisanka Siripala | 06/11/2024

OSL Group is acquiring an 81 percent stake in Japanese crypto exchange CoinBest, enabling it to enter the Japanese market.

Securities / Derivatives

Tokyo Stock Exchange Goes Live With Trading System Upgrade

By Manesh Samtani | 05/11/2024

The changes allow bulk order cancellation, introduce a closing auction session, and extend the TSE’s trading hours by 30 minutes.

Enforcement

Japan FSA Fines Nomura Securities for JGB Futures Manipulation

By Editors | 03/11/2024

Several executives also agreed to a two-month pay cut. It was separately reported that a former Nomura Securities employee was arrested on suspicion of robbery and attempted murder.