digital assets
Hitachi, together with NTT Digital, OPTAGE, Crypto Garage, JPYC, Chainalysis Japan, Digital Platformer, NEC, Nomura, bitbank, finoject, Hokkoku Bank, and Laser Digital Japan, has begun a proof-of-concept experiment from February to April 2025 aimed at improving the effectiveness and standardization of anti-money laundering practices for digital asset trading including cryptocurrency,
stablecoin
SBI VC Trade, a consolidated subsidiary of SBI Holdings that operates a cryptocurrency exchange business has completed registration as an "Electronic Payment Instruments Business Operator" (Registration Number Kanto Regional Financial Bureau No. 00001), which will enable SBI VC Trade to be the first to handle the stablecoin "
authentication
The National Police Agency has published a "Draft Order Partially Amending the Enforcement Regulations of the Act on Prevention of Transfer of Criminal Proceeds". In line with the "Key Plan for Realizing a Digital Society" (Cabinet Decision, June 21, 2024) and the "Comprehensive Measures to
regulation
During January 2025, the Financial Services Agency (FSA) met with the industry associations for major banks, regional banks, shinkin banks, trust banks, securities dealers, and investment trusts. 1. Common Topics Across Industries Several key themes emerged consistently across the FSA's discussions with different financial industry sectors: 1.1
artificial intelligence
Mizuho Financial Group has established "Mizuho's AI Engagement Policy" as a fundamental policy for utilizing AI across the group. In recent years, AI technology has been rapidly evolving, and its applications have expanded into every domain of economic society. In the financial industry as well, AI
capital markets
Anderson Mori & Tomotsune, one of Japan's leading law firms, has published a newsletter discussing the application of disclosure liability under the Financial Instruments and Exchange Act (FIEA) concerning sustainability disclosures, particularly Scope 3 greenhouse gas emissions, and the introduction of a new safe harbor provision. Introduction Sustainability
insider trading
In light of the fact that an employee of the Tokyo Stock Exchange, a subsidiary of Japan Exchange Group (JPX), was under investigation by the Securities and Exchange Surveillance Commission (SESC) on suspicion of violation of insider trading regulations, JPX established an Independent Directors' Investigation Committee on September 27,
regulation
The Financial Services Agency (FSA) has published a draft summary of issues and practices for dialogues on verifying the effectiveness of anti-money laundering measures for public comment, due by Thursday, February 20, 2025. The FSA emphasizes a shift towards continuous self-assessment by financial institutions, coupled with in-depth dialogue with the
Insurance
The Financial Services Agency, through the respective Financial Bureaus, has issued administrative orders against Good Speed and Toyota Mobility Tokyo, both of which are involved in car sales, repair, and also operate as insurance agencies. Both companies have been found to have significant issues across multiple areas, including: improper insurance
payments
The Financial System Council's Working Group on Payment Services has published its key findings and recommendations today. The report addresses emerging issues in the Japanese FinTech landscape, focusing on payment and settlement services, crypto-assets, stablecoins, and other related topics. It proposes several regulatory adjustments to balance innovation with
banking
freee has completed its registration as a Financial Services Intermediary, allowing it to begin offering "freee Branch" accounts for corporate customers by leveraging the Banking as a Service (BaaS) platform of GMO Aozora Net Bank. Under its mission to "Make small businesses the protagonists of the world,
capital markets
Leveraging the new standardized framework for regulatory reporting based upon ISDA’s globally promoted "Digital Regulatory Reporting (DRR)" solution and the FINOS open source managed "Common Domain Model (CDM)", the Japan Securities Clearing Corporation (JSCC) plans to begin production-parallel operations of its regulatory reporting to the