Japan

Crypto / Digital Assets

Four Crypto Platforms Directed to Stop Offering Services in Japan

By Editors | 05/04/2023

Bybit, MEXC Global, Bitforex, and Bitget were warned against offering services to Japanese residents without registration.

Crypto / Digital Assets

FTX EU Begins Allowing Customers to Withdraw Funds

By Editors | 05/04/2023

FTX EU set up a website through which balances can be verified and requests for withdrawals in fiat currency can be made.

Fintech / Regtech

Digital Vote Execution Service to Launch for Tokyo Market

By Editors | 04/04/2023

Issuers, investors and local sub custodians will gain efficiency and greater transparency from the new digitised e-voting service.

Securities / Derivatives

JPX to Launch Index of Stocks that Focus on Value Creation

By Editors | 03/04/2023

The index will comprise 150 Prime Market companies that are expected to create value based on financial performance or market valuation.

Securities / Derivatives

Citadel Seeking Licence to Relaunch Japan Hedge Fund Office

By Editors | 03/04/2023

Citadel shut down its Japan operations during the 2008 GFC, but is seeking to reopen in Tokyo by the end of the year.

Crypto / Digital Assets

Japan to Create Expert Panel on CBDCs Within April

By Editors | 02/04/2023

The launch of the panel will coincide with the start of a digital yen pilot programme involving the BOJ and private sector participants.

Fintech / Regtech

Mizuho, LINE Scrap Plans to Launch New Digital Bank

By Editors | 31/03/2023

The plan was to make banking services available on LINE’s popular smartphone app, but the project is now being abandoned.

AML / KYC

26 Countries Commit to Transparent Beneficial Ownership

By Manesh Samtani | 29/03/2023

The US-led initiative commits participating countries to implementing the FATF’s revised Recommendation 24 to combat corruption.

Market Infrastructure

JBATA Finalises Fallback Methodology for TIBOR Contracts

By Manesh Samtani | 21/03/2023

JBATA has finalised the fallback provisions for cash products referencing JPY TIBOR or Euroyen TIBOR. The changes will take effect on 1 April.