News on licensing, investor protection, CBDC research, and Japan’s maturing crypto markets.
The lobbying groups are planning to ask the government to make crypto issuing and holding cheaper to prevent talented individuals from leaving the country.
The JVCEA has got warnings from the Financial Services Agency for delaying the introduction of anti-money laundering rules.
The meeting between both authorities focused on issues that included “sustainable finance, crypto assets, and stablecoins.”
Japan has introduced a slew of new crypto regulations designed to liberate the operations of the industry in the country.
Japan’s new stablecoin law limits stablecoin issuance to licensed banks, registered money transfer agents, and trust companies.
Crypto trading firm Cumberland DRW completed Nomura’s first BTC derivative trade on the CME Group platform.
Due to legal requirements, Coinbase will ask for additional information before issuing crypto transactions to Canada, Japan and Singapore.
After the G7 countries decided to strengthen their sanctions against Russia, Japan announced that it is sanctioning Russian crypto IP's and sets an $8.5K penalty to exchanges who don't comply.
Defaulters of this order could face up to 3 years imprisonment and a fine of 1 million yen ($8,478.52).
