News list for " Financial Services Agency"
Japan's Financial Services Agency (FSA) recently put forward some ideas on cryptocurrencies and stablecoins to the Financial System Commission's Payment Services Working Group, mentioning reluctance to allow banks other than trust banks to issue stablecoins. For stablecoins issued by trust banks, the FSA wants to relax the current reserve requirement that all assets must be held in the form of bank demand deposits....
According to the official website, Japan's Financial Services Agency said that according to Article 63-16 of the Japanese Securities Law, the Kanto Local Finance Bureau issued a business improvement order to cryptocurrency exchange DMM Bitcoin.
The Ministry of Finance, the Bank of Japan and the Financial Services Agency will hold a meeting at 3 PM local time.
