News list for "fsa"
Japan's Financial Services Agency on February 19 approved the Financial Review Council's working group report on the fund settlement system. After seven rounds of discussions, the report proposes a new regulatory framework for cryptoasset exchanges and stablecoins. The report recommends that relevant provisions of the Financial Commodities Exchange Law be incorporated into the Fund Settlement Law to strengthen the protection of users in the event of an exchange bankruptcy. At the same time, it p...
12:00-21:00 Keywords: Japan Financial Services Agency, SBI, Metaplanet, NASDAQ Strategy has acquired 7,633 BTC for approximately $742.40 million. 2. CoinShares: Net inflows of $1.30 billion into digital asset investment products last week; 3. The Japanese Financial Services Agency plans to position cryptoassets as financial products similar to securities. 4.SBI Holdings' third-quarter cryptocurrency pre-tax profit was $119.60 million; 5. Metaplanet 2024 bitcoin holdings unrealized gains of $35 m...
Japan's Financial Services Agency has begun considering positioning crypto assets as securities-like financial products, with the aim of requiring companies to disclose more detailed information to protect investors. It is currently holding closed-door research meetings with experts to review the adequacy of current regulations on virtual currencies. It is reported that the Japanese Financial Services Agency has started to design a system and will announce the system reform policy in June this y...
On February 7th, according to Nikkei coverage, the Japanese Financial Services Agency has this week asked Apple and Google to block the download of applications from five overseas crypto exchanges operating without registration. The five companies are Bybit Fintech Limited, MEXC Global, LBank Exchange, KuCoin and Bitget Limited. The Japanese Financial Services Agency issued a warning to these companies under the Payment Services Law and published their names, after repeatedly warning these compa...
In its newly released tax reform outline, Japan's Financial Services Agency (FSA) plans to change the status of crypto assets from payment instruments to financial assets. According to the outline, crypto asset transactions will receive the same tax incentives as financial products such as listed stocks, provided that appropriate investor protection mechanisms, disclosure obligations, and compliance requirements are established.
The classification of cryptocurrencies is likely to change after Japan's Financial Services Agency announced plans to start treating cryptocurrencies such as bitcoin as "financial assets". According to official documents, the FSA published its position in its fiscal 2025 tax reform request, which wants to start treating cryptoassets as "financial assets that the general public can invest in". Currently, Japanese law classifies cryptoassets as "payment instruments" under the terms of the Payment ...
Japan's Financial Services Agency (FSA) recently put forward some ideas on cryptocurrencies and stablecoins to the Financial System Commission's Payment Services Working Group, mentioning reluctance to allow banks other than trust banks to issue stablecoins. For stablecoins issued by trust banks, the FSA wants to relax the current reserve requirement that all assets must be held in the form of bank demand deposits....
On November 29, according to CoinPost, Japan's Financial Services Agency issued a warning to five unregistered overseas cryptocurrency exchanges. These exchanges include KuCoin, bitcastle LLC, Bybit Fintech Limited, MEXC Global, and Bitget Limited. The FSA pointed out that these exchanges provided cryptocurrency trading services to Japanese users without permission, violating Japanese regulations on crypto asset trading. Since unregistered exchanges are not regulated by the FSA, their customer a...
The Dubai Financial Services Authority (DFSA) has announced that ZetaChain (ZETA) has been accredited by the Dubai Financial Services Authority in accordance with the relevant requirements of GEN Rule 3A.3.4 in its rulebook. As a general-purpose blockchain, ZetaChain has native access to blockchains including bitcoin, and the approval of the Dubai Financial Services Authority brings greater trust and global access to ZetaChain.
