Japan

Clearing & Post-Trade

BOJ-ECB Study Identifies DLT Applications for Securities Settlement

By Manesh Samtani | 29/03/2018

Project Stella phase two study suggests distributed ledger technology offers novel approach for cash settlement of securities, but requires further study.

Market Abuse

Japan Introduces AI Market Surveillance

By Samuel Riding | 21/03/2018

System from Hitachi and NEC will identify potential unfair trading, but humans will still be relied on to interpret data.

Anti-Money Laundering

Japan to Push G20 for Global AML Rules for Cryptcurrency

By Manesh Samtani | 14/03/2018

Japan to urge G20 leaders to close money laundering loopholes that exist due to weak regulation in some jurisdictions, without stifling innovation.

Cryptocurrency

Japan FSA Orders Business Improvement, Closures at Crypto Exchanges

By Manesh Samtani | 10/03/2018

Five exchanges including recently-hacked Coincheck ordered to improve internal controls; two exchanges ordered to halt services.

Structural Regulation

Japan Mulls Overhaul of Approach to Financial Industry Regulation

By Garima Chitkara | 01/03/2018

New rules propose an approach focused on financial function rather than individual entities; and are expected bring traditional financial firms and fintech firms on level playing field.

Cryptocurrency

Japan FSA to Empower Self Regulatory Body for Cryptocurrency

By Manesh Samtani | 19/02/2018

Self regulatory organisation will create rules and set penalties for breaches of self-imposed rules.

Cryptocurrency

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.

Cryptocurrency

Cryptocurrency – You Can’t Kill an Idea

By Peter Guy | 05/02/2018

Once in a while capitalism must be rescued from the excesses of bankers and central banks. Governments can’t kill ideas, but it takes them a long time for them to concede or adapt.

Structural Regulation

Japan Govt to Draw From ‘Dormant’ Bank Accounts

By Editors | 01/02/2018

Funds from accounts with no activity for 10 years to be used to fund public projects from Q2 2019.