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Market Infrastructure
Japanese Tax System Derailing Tokyo Hub Ambitions: Report
By Sanday Chongo Kabange | 16/06/2022
The plan to reform the tax system to attract hedge funds to Tokyo has resulted in “preferential treatment no one would use.”
AML / KYC
Japan, Singapore to Explore Mutual Recognition of Digital Identity
By Editors | 14/06/2022
Mutual recognition of digital identity credentials is part of an agreement to cooperate on the digital transformation of government services.
ESG / Sustainability
UK, Japan Formalise Arrangements on Regulatory Cooperation
By Editors | 13/06/2022
UK and Japan participants agreed to establish an innovation working group to provide a space for collaboration on payments, cryptoassets and financial innovation.
AML / KYC
Japan Ministry Seeks Powers to Confiscate Crypto Assets
By Editors | 12/06/2022
Japan’s organised crime law currently only allows seizures of real property, movable assets and monetary claims, but not crypto assets.
Market Infrastructure
Japan FSA Calls on Market to Complete LIBOR Transition Efforts
By Manesh Samtani | 09/06/2022
Only a small number of JPY LIBOR contracts remain that still need to complete the transition, but USD LIBOR rates are “still widely used” by Japanese FIs and corporates.
Fintech / Regtech
OJK Indonesia to Enhance Regulatory Cooperation with APRA, FSA
By Editors | 08/06/2022
The APRA MoU is focused on banking and insurance supervision. The FSA agreement focuses on digital innovation in the financial services sector.
Crypto / Digital Assets
Japan Approves Law Clarifying Legal Status of Stablecoins
By Manesh Samtani | 05/06/2022
Under the revision bill, only licensed banks, trust companies, and registered money transfer agents will be able to issue stablecoins.
ESG / Sustainability
Japan FSA Drafts Indicators to Assess Social Projects
By Editors | 02/06/2022
A draft set of indicators have been published which issuers can use to help them assess the social impacts of projects financed with social bonds.
Crypto / Digital Assets
BOJ Releases Phase One Findings from CBDC Testing
By Editors | 01/06/2022
Phase one of CBDC experimentation was conducted from April 2021 to March 2022. The BOJ tested three CBDC ledger design alternatives.
Securities / Derivatives
Japan FSA Revises Rules on Best Execution Policy
By Editors | 28/05/2022
Securities firms are required to provide customers with easy-to-understand descriptions of their best execution policy.
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