Indonesia issues new digital currency rules guiding financial industry
Indonesia's Financial Services Authority regulatory guidance intends to serve as a compass for financial institutions exploring virtual asset services for their customers.
Indonesia's Financial Services Authority regulatory guidance intends to serve as a compass for financial institutions exploring virtual asset services for their customers.
The new regulation signed into law on January 12 indicates that digital assets could be treated as securities, which meant they would be subject to securities-related mandates and restrictions.
The biggest change is removing control of virtual currencies from the Commodity Futures Trading Regulatory Agency of Indonesia and vesting it in the hands of the Financial Service Authority.
FSA chief Junichi Nakajima believes the country needs to investigate further on the merits of digital currencies before making it easier for investors to access them.
The financial regulator in Japan is planning a new round of regulation for the crypto sector, this time targeting firms currently operating on an unregulated basis.
Malta's Financial Services Authority has come up with a proposal for a Financial Instrument Test, which should distinguish between what assets that come from initial coin offerings are actually securities.
Macau-based Blockchain Laboratory runs ICOs for other companies as a means of raising capital for businesses on the blockchain.
To ensure that it has enough funds to pay back its customers, members of FSA paid a special visit to Coincheck’s Tokyo office on Friday.