While Japan may be one of the most progressive cryptocurrency countries in the world, recognising digital currencies as official method of payment, the Japanese Financial Services Agency (FSA) is now taking steps to put imminent trading limits on cryptocurrency exchanges in the country. The leverage is to be maxed at twice the deposits of traders.…
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Virtu Financial, Inc. (NASDAQ:VIRT), a technology-enabled market maker and liquidity provider to the global financial markets, has just announced that its Singapore entity, Virtu Financial Singapore Pte. Ltd. has received High Speed Trading (HST) Registration with Japan’s Financial Services Agency (FSA). In November 2017, Virtu submitted a comment letter supporting the FSA’s HST proposal and…
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For the further development of Tokyo as an international financial center, the Japan Financial Services Agency (FSA) has been committed to enhancing transparency regarding the procedures for foreign financial business operators to establish a business base in Japan, including to provide more useful information in English regarding the financial market in Japan. As a part…
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The Securities and Exchange Surveillance Commission (SESC), today, made a recommendation to the Prime Minister and the Commissioner of the Financial Services Agency that an administrative monetary penalty payment order be issued in regard to insider trading of the shares of Tri-Stage inc. by Prospect Asset Management, Inc. (PAMI) pursuant to Article 20(1) of the…
Read moreJapan's Financial Services Agency (FSA) announces today the establishment of a dedicated “Panel of Experts on FinTech Start-ups”. In its announcement, the securities regulator notes that advanced FinTech start-ups and venture capitalists have not necessarily emerged in Japan when compared with the situation in other advanced economies. The FSA adds that in order to promote…
Read moreJapan's Financial Services Agency (FSA) has just updated its Warning List including the names of individuals and businesses that unlawfully target Japanese investors. Amid the latest additions is FestA, operating via https://kabu-festa.com. This is an investment project offering hefty returns to those who entrust their money in a variety of schemes, most of which involve…
Read moreJapan's Financial Services Agency has confirmed that the Japanese division of Alpari has gone into administration, customer funds will be returned in full
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