JAPAN

Crypto / Digital Assets

Japan Relaxing Rules on Stablecoins, Token Listings

By Editors | 03/01/2023

FSA proposes to allow crypto firms to handle transactions using foreign issued stablecoins. The JVCEA has relaxed its token listing rules.

ESG / Sustainability

Japan FSA Issues Draft Supervisory Guidelines for ESG Funds

By Editors | 21/12/2022

The FSA issued draft guidelines outlining the checks that will be performed by supervisors to ensure ESG investment trusts are true-to-label.

ESG / Sustainability

Japan Finalises Code of Conduct for ESG Data Providers

By Manesh Samtani | 19/12/2022

The FSA is now calling on ESG evaluation and data providers to endorse the code of conduct, publish it on their websites, and notify the regulator.

Securities / Derivatives

ICE Opens Access Centres in Hong Kong, Shanghai, Tokyo

By Editors | 18/12/2022

ICE says the enhanced connectivity includes ultra-low-latency access to exchanges in Hong Kong, Shanghai and Tokyo.

Market Infrastructure

Japan to Raise Taxes on Wealthy Individuals, Corporations

By Mark Johnston | 18/12/2022

Taxes will be raised on those who earn over JPY 3 billion through stocks and real estate. A corporate surtax of 4 to 4.5 percent will also be adopted.

AML / KYC

GLEIF Confirms Utility of Embedding LEI in eSeals

By Editors | 14/12/2022

In a PoC, GLEIF demonstrated that embedding LEIs in eSeals allowed Japanese and European entities to transact digitally with greater trust.

Crypto / Digital Assets

FTX Japan Authorised to Continue Operating to Repay Customers

By Editors | 13/12/2022

The FSA had ordered FTX Japan to suspend business operations by 9 December. The extension until 9 March 2023 will allow it to return funds to users.

Market Infrastructure

Japan FSA Finalises New Derivatives Reporting Guidelines

By Editors | 12/12/2022

The guidelines and associated reporting requirements will take effect on 1 April 2024, incorporating the UTI and CDE.

Securities / Derivatives

Industry Ranks Singapore Top APAC Market to Operate In

By Editors | 11/12/2022

In an ASIFMA survey, capital market participants ranked Singapore as the top market for its political environment and predictable and transparent regulatory policy.