JAPAN

Crypto / Digital Assets

Major Japanese FIs Call on FSA to Allow Crypto ETFs

By Thisanka Siripala | 07/11/2024

MUFJ Trust Bank, Nomura, Daiwa Securities, and bitFlyer are among calling for the introduction of crypto ETFs in Japan to enhance its global competitiveness.

Enforcement

Sumitomo Mitsui Trust Bank Probing Insider Trading Case

By Thisanka Siripala | 07/11/2024

Sumitomo Mitsui Trust Bank disclosed that a former employee used non-public company information to conduct multiple insider trading transactions.

Securities / Derivatives

Mizuho to Launch Saudi-focused ETF for Japanese Investors

By Thisanka Siripala | 07/11/2024

Mizuho signed an MoU to collaborate with Saudi Arabia’s Public Investment Fund to launch an ETF which will track the FTSE Saudi Arabia Index.

Crypto / Digital Assets

Hong Kong’s OSL Group Expanding to Japan via Acquisition

By Thisanka Siripala | 06/11/2024

OSL Group is acquiring an 81 percent stake in Japanese crypto exchange CoinBest, enabling it to enter the Japanese market.

Securities / Derivatives

Tokyo Stock Exchange Goes Live With Trading System Upgrade

By Manesh Samtani | 05/11/2024

The changes allow bulk order cancellation, introduce a closing auction session, and extend the TSE’s trading hours by 30 minutes.

Enforcement

Japan FSA Fines Nomura Securities for JGB Futures Manipulation

By Editors | 03/11/2024

Several executives also agreed to a two-month pay cut. It was separately reported that a former Nomura Securities employee was arrested on suspicion of robbery and attempted murder.

Capital / Liquidity

Pressure Builds on Japanese Companies to Unwind Cross-Shareholdings

By Gavin Blair | 01/11/2024

As Japan pushes for unwinding, many large regional banks, have reclassified their holdings as investments, prompting scepticism from regulators.

Crypto / Digital Assets

Japan: JVCEA Becomes Self-Regulatory Body for Stablecoins

By Editors | 26/10/2024

The FSA has recognised the JVCEA as the self-regulatory body for stablecoins and fund transfer businesses, on top of its existing focus on crypto exchanges and crypto-related derivatives trading firms.

Enforcement

Japan: TSE Official & Judge Under Separate Insider Trading Probes

By Manesh Samtani | 24/10/2024

A TSE official leaked information to his relative multiple times. The judge engaged in insider trading while on temporary assignment at the FSA.