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japanese financial services agency is discussing to impose stricter Crypto Laws
**The aim is to begin the use of new rules by mid-2022.** Financial Services Agency (FSA) of Japan has begun taking steps towards strengthening cryptocurrency regulation, aiming to provide better protection to the local investors. Due to local media outlet ‘Jiji Press’ report, debates on the new crypto laws are already initiated by Japanese authorities. It is planned to develop risky digi...
Path: BlogToo old for trading
...ation regarding the investment plans of older people. There can be a lot of different reasons for imposing such age restrictions. One of the most possible is that older people are more likely to become victims of scams and other online frauds. **japanese financial services agency (FSA) received 197 reports of investment frauds during the first quarter of 2017**, at the same time most of the co...
Path: BlogJapan Virtual Currency Exchange Provider’s License
As of April 1, 2017, the amended Payment Services Act came into effect and as of that moment operators of Virtual Currency exchange business are required to be registered with the japanese financial services agency.Timeframe: Company formation - within 8 weeks License application - within 6 months Minimum capital requirement: 10 000 000 JPY (approx. EUR 75 000) + Registrat...
Path: Licensing