FTX Japan plans to resume operations by January
FTX Japan halted withdrawals amid the collapse and bankruptcy filing of SBF’s FTX empire, with Japan’s regulator, FSA, ordering it to suspend operations.
Latest Financial Services Agency News
Lawmaker behind Japan’s relaxed digital asset policy seeks modified rules
After relaxing its digital asset listing regulations, Japan has its eyes set on improving taxation directives under a white paper being worked on by lawmaker Masaaki Taira.
Japan weighing tax reforms to lure digital asset startups
Japanese investors can pay up to 55% in taxes on their digital assets, with firms forced to pay taxes on unrealized gains, leading to capital flight from the country.
Japan: Lobby groups launch proposal to reform digital assets tax regime
The lobby groups specifically asked for the practice of taxing unrealized gains to be removed, while a uniform 20% tax regime with exemptions to allow for unrealized gains to be carried forward.
Japan’s FSA dissatisfied with digital assets self-regulatory body the JVCEA: report
The Financial Services Agency has raised the alarm over the slow pace at which the digital assets self-regulatory body is carrying out its affairs, according to a source close to the JVCEA.
US diplomats urge Japan to pull through with digital asset sanctions on Russia
The diplomats requested several of the 31 licensed digital assets exchanges and miners in Japan to halt their operations in Russia; Japan's Financial Services Agency backed the requests.
Japan to limit stablecoin issuance to banks: report
The Financial Services Agency believes the new proposal will prevent stablecoin runs in Japan as banks and wire transfer firms are required to protect consumer assets.
Japan’s FSA plots harsher digital currency regulation
The regulations are expected to be brought in before summer next year, with a view to provide greater consumers and investors protection.
Japan forms unit to oversee digital currencies as it steps up regulation efforts
The country’s financial services regulator has reportedly established a new unit that will oversee the industry, even as the Finance Ministry increases its headcount to better police the rapidly growing industry.
Regulatory walls are closing in on Binance
Binance came under regulatory fire on three continents in the space of a single weekend, another sign that the enforcement walls are rapidly closing in on the troubled cryptocurrency exchange.
Japan warns derivatives platform Bybit over alleged illegal operations
The Financial Services Agency said Bybit is allowing Japanese residents to register and leverage the exchange, despite not having the proper registration to offer such services in the country.
Japan new financial regulator chief calls for digital yen
Ryozo Himino, incoming head of the Financial Services Agency, has voiced his concern over calls to relax the current digital currency laws.