The Financial Services Agency (FSA) has said that stablecoins are not virtual currencies under the definition provided in the Payment Services Act, in a statement that could have profound effects on how stablecoins are regulated in Japan.
According to a report, the country’s Financial Services Agency (FSA) is preparing to introduce caps on the leverage possible for margin trading of cryptocurrencies.
The Financial Services Agency (FSA) announced that the Japanese Virtual Currency Exchange Association (JVCEA) has been awarded the status of “certified fund settlement business association,” giving the body legal authority to shape regulation for cryptocurrency exchanges in the country.
The Financial Services Agency (FSA), Japan's top financial regulator, revealed that, while 160 companies are waiting in line to enter the crypto space, three cryptocurrency operators are currently being reviewed.
Japan’s Financial Services Agency (FSA) is making it tougher for cryptocurrency exchanges to register their businesses in the country, requiring disclosure of a lot more information than before.
Japan’s Financial Services Agency (FSA), which previously had come down like a ton of bricks upon the sector in general, has promised to ensure that the domestic crypto industry will grow "under appropriate regulation."
SBI Group, one of Japan’s largest financial institutions, is backing a cryptocurrency exchange that is being watched by the country’s Financial Services Agency (FSA).
New companies looking to receive a license to launch an exchange in Japan will face more stringent inspections after the Financial Services Agency saw loopholes in the current process.
The cryptocurrency exchanges in Japan have formed a self-regulatory organization proposing restriction for all investors which will allow them to borrow for up to four times their deposit.
In June, the FSA issued business improvement orders to BITPoint Japan, Bitbank, Bitflyer, BtcBox, Tech Bureau and Quoine. These six companies have confirmed that they have submitted a written improvement plan to the agency last July 23.
Seiko Noda, the minister for Internal Affairs and Communications, was questioned by members of the Japanese press on Thursday over her alleged involved with an unregistered cryptocurrency exchange.