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Japan FSA backs major banks’ yen stablecoin initiative

The Japan Financial Services Agency (FSA) announced that it has launched an initiative to support the yen-based stablecoin joint venture launched by the country’s major banks. Summary Japan’s Financial Services Agency has launched the Payment Innovation Project to promote blockchain-based payment systems, beginning with a major stablecoin initiative launched by major banks like MUFG, SMBC … Read more

FSA supports three megabanks in issuing joint stablecoin project

Key Takeaways Japan’s Financial Services Agency (FSA) has endorsed a stablecoin initiative involving the country’s three biggest banks: Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group, and Mizuho Financial Group. The project will create a common framework for issuing and transferring stablecoins, with an initial focus on tokens backed by the Japanese yen and potentially … Read more

Laser Digital in talks with Japan FSA for crypto trading license

Key Takeaways Laser Digital, Nomura’s Swiss-based subsidiary, is seeking a crypto trading license in Japan. The subsidiary is in discussions with Japan’s Financial Services Agency (FSA). Share this article Laser Digital, Nomura’s Swiss-based subsidiary, is in discussions with Japan’s Financial Services Agency for a crypto trading license, according to Bloomberg. The subsidiary aims to offer … Read more

Japan’s FSA introduces new framework that divides crypto into two categories

Japan’s FSA has released a discussion paper on crypto regulations that seeks to categorize digital assets into two distinct categories. According to a recent report by Coinpost, the country’s Financial Services Agency has asked for public feedback regarding a discussion paper titled “Verification of the state of the system related to crypto assets.” The financial … Read more

Japan’s FSA pushes for stronger internal audits in crypto exchanges

The Financial Services Agency has released its 2024 monitoring report, urging better internal audits and closer scrutiny of crypto exchanges. Japan’s financial regulator has called for stronger internal audits across the entire financial sector, highlighting the need for better oversight, especially for crypto exchanges. In a Dec. 26 press release, the Financial Services Agency said … Read more

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