FINANCIAL SERVICES AGENCY

    Crypto / Digital Assets

    Japan Orders Internal Inspections at Cryptocurrency Exchanges Nationwide

    By Manesh Samtani | 05/02/2018

    All 32 cryptocurrency exchanges in Japan required to submit reports on security and risk management based on 43-item checklist.

    Crypto / Digital Assets

    UPDATED – Japan FSA Responds to $530mn Cryptocurrency Theft

    By Manesh Samtani | 31/01/2018

    FSA orders Coincheck to improve security, implement preventative measures; will additionally inspect security mechanisms at other cryptocurrency exchanges.

    Fintech / Regtech

    Decentralised Crypto Exchanges Could Render Regulatory Efforts Meaningless

    By Bradley Maclean | 29/01/2018

    Global regulators and institutions need to work together to develop globally harmonised standards, rather than the onerous regulatory frameworks proposed […]

    Fintech / Regtech

    Korea, China, Japan Join Hands on Cryptocurrency Regulation

    By Manesh Samtani | 10/01/2018

    Korea carries out bank inspections, China power cut on Bitcoin miners, Japan scrutinises banks’ cryptocurrency activities.

    Capital / Liquidity

    Japan Regulator to Overhaul Supervision and Restructure

    By Samuel Riding | 08/01/2018

    FSA’s move towards ‘dynamic supervision’ includes scrapping inspection manuals, restructuring governance, internal structure and HR policy.

    Capital / Liquidity

    China, Japan to Cooperate on Audit Oversight, Cross-Border Bonds

    By Editors | 26/12/2017

    The agreement will strengthen cross-border investor protection and assist financial institutions with cross-border bond issuance.

    Crypto / Digital Assets

    BoJ Expects Large IT Firms to Become Systemically Important

    By Samuel Riding | 07/12/2017

    Haruhiko Kuroda says global IT platform providers could pose systemic risk through holding vast amounts of data, adds to warnings on algo contagion.

    AML / KYC

    Japan FSA to Trial Blockchain KYC

    By Editors | 25/09/2017

    Blockchain KYC will allow customers to open multiple accounts without having to go through individual onboarding procedures each time.

    Capital / Liquidity

    Japan’s Low Interest Rate Environment Suffocates Regional Banks

    By Editors | 07/09/2017

    FSA’s commissioner ‘embarrassed to see regional banks’ balance sheets in their core businesses deteriorate more quickly than we expected.’

    Enforcement

    Japan FSA to Set up Anti Cybercrime, Money Laundering Bureau

    By Editors | 23/08/2017

    Internal reorganisation acknowledges growing role of fintech, which will be regulated by FSA Planning and Coordination Bureau with enhanced powers.

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