Financial Services Agency

Cryptocurrency

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.

Sustainable Finance

PRI Identifies Demand for Sustainable Finance Taxonomy in Japan

By Editors | 14/03/2023

PRI survey identified “substantial demand” from investors for some form of comprehensive sustainable finance taxonomy for Japan.

Reporting & Disclosures

Japan Sets Timeline for Domestic Implementation of ISSB Standards

By Editors | 03/03/2023

Japan will issue draft sustainability disclosure standards based on the ISSB standards by 31 March 2024, and final standards by 31 March 2025.

Cryptocurrency

SFC Authorises HashKey to Conduct OTC Crypto Trades

By Editors | 01/03/2023

The approval allows HashKey to act as an intermediary to facilitate trades between parties including for unlisted tokens.

Market Abuse

Japan Court Orders SMBC Nikko to Pay 5 Billion Yen Penalty

By Editors | 15/02/2023

SMBC Nikko Securities propped up the prices of ten stocks before arranging block trades between major shareholders and investors.

Structural Regulation

Japan, EU Establish Cooperation Framework on Insurance Supervision

By Editors | 14/02/2023

The cooperation framework promotes mutual understanding, exchange of information and technical assistance between the FSA and EIOPA.

Anti-Money Laundering

Japan FSA Issues Draft Rules for Travel Rule Implementation

By Editors | 10/02/2023

The rules will implement laws passed in Japan last year, establishing requirements for Japanese crypto firms to comply with the travel rule.

Custody & Infrastructure

StanChart-backed Zodia and SBI to Form Crypto Custodian in Japan

By Sam Chen | 08/02/2023

Zodia Custody and SBI Digital Asset Holdings aim to offer “gold-standard” crypto asset custody services in Japan.

ESG Data

Japan Leads in ESG Governance but Pliant Rules a Letdown

By Hazel Ilango | 06/02/2023

While Japan’s code of conduct represents a key step forward, the “comply or explain” approach may hinder its effectiveness, writes the IEEFA’s Hazel James Ilango.