Financial Services Agency

Crypto / Digital Assets

DMM Bitcoin to Shut Down, Transfers Assets to SBI Subsidiary

By Mark Johnston | 04/12/2024

DMM Bitcoin has been unable to recover from the May theft of approximately 4,502.9 Bitcoins and has decided to shut down operations.

Japan FSA Proposes Amendments to Boost Startup Funding

By Thisanka Siripala | 03/12/2024

The FSA has proposed amendments to simplify disclosure requirements, increase fundraising limits, and provide more flexibility for investors and startups.

Crypto / Digital Assets

Japan FSA Issues Warnings to Five Crypto Firms for Unregistered Operations

By Thisanka Siripala | 01/12/2024

The FSA issued warnings to Bitcastle, Bitget, Bybit, KuCoin, and MEXC, notifying them of non-compliance with Japanese law.

Fintech / Regtech

Japan Report Calls for Urgent Action to Address Quantum Risks

By Thisanka Siripala | 30/11/2024

Japanese FIs should have quantum-resistant cryptographic algorithms within high-priority systems ready for use by the mid-2030s.

Securities / Derivatives

Japan Strengthens Disclosure Rules for Strategic Shareholdings

By Thisanka Siripala | 29/11/2024

The new rule requires detailed disclosures for shares transitioned from strategic holdings to pure investment objectives.

Crypto / Digital Assets

Japan FSA Considers Tightening Regulations For Crypto

By Thisanka Siripala | 27/11/2024

The FSA is conducting closed door discussions to explore regulating crypto assets as financial products under the Financial Instruments and Exchange Act.

Enforcement

Japan Supreme Court Issues Rare Directive on Insider Trading

By Thisanka Siripala | 27/11/2024

The directive is a response to a case involving a judge who allegedly used confidential information obtained through his role to profit from stock trading.

Fintech / Regtech

Japan FSA Using AI to Streamline Operations and Improve Efficiency

By Thisanka Siripala | 26/11/2024

The FSA introduced a system that can quickly search through documents held by different departments and then summarise their contents.

Crypto / Digital Assets

Japan’s FSA to Introduce Lighter Regulations for Crypto Brokers

By Thisanka Siripala | 26/11/2024

The FSA is exploring the creation of a new “intermediary business” with lighter regulations for enterprises handling cryptocurrency and stablecoins.