FSA clarifies position on P2P crypto transactions amidst latest recommendations to banks
The Financial Services Agency (FSA) of Japan provides clarity on peer-to-peer (P2P) crypto transactions following recent recommendations to local banks, emphasizing enhanced user protection measures. FSA’s recommendations on P2P crypto transactions In response to concerns regarding potential fraudulent activities in the crypto space, Japan’s Financial Services Agency (FSA) has issued recommendations to local banks to […]
Japan’s Financial Services Agency proposes amendment favoring DAO operations
The Japan Financial Services Agency (FSA) has announced a draft for a regulatory amendment. This change aims to align the legal treatment of Decentralized Autonomous Organization (DAO) member rights tokens with those of traditional limited liability company (LLC) employee rights. It is also geared at integrating innovative blockchain technologies within the legal framework, offering a […]
Japan’s FSA set to lift the ban on foreign stablecoins in 2023
Stablecoins have been a contentious topic for the better part of 2022. However, Japan has taken a stand that could change the tide of this narrative. Japanese regulators are reviewing certain significant restrictions on the usage of stablecoins such as Tether USDT and USD Coin USDC for crypto investors with residence in Japan. Japan to […]
FTX Japan plan to resume customer funds withdrawals approved
FTX Japan is seeking to resume withdrawals after its parent, the defunct FTX exchange, authorized a plan to repay deposits. Users of the collapsed crypto exchange in Japan may be among the first clients to receive their money back if the strategy is successful. On Nov. 8, withdrawals from FTX Japan were halted after the […]
