Japan to Upgrade Crypto and Exchange Legislation
In a recent report, local Japanese media outlet Sankei has indicated that the Japanese Financial Services Agency (FSA) is to change the legal foundations on which cryptocurrency regulations are based in the country.
The report made on 3 July states that the Japanese financial watchdog is considering to regulate cryptocurrency exchanges under the Financial Instruments and Exchange Act (FIEA), which is a switch from the Payment Services Act.
Under the new classification, exchanges would be required to manage private and institutional assets separately.
According to the report made by Sankei, the law (FIEA) “obliges securities companies and others to manage customer funds and securities (stocks, etc.) separately from corporate assets”. It also establishes “a strict investor protection system, such as forbidding insider trading of stocks”.
To read the full article go to: https://bitcoinnews.com/japan-to-upgrade-crypto-and-exchange-legislation/
Ru
Приветствую. Представляю студию блокчейн-копирайтинга. Предлагаю наши услуги по написанию WhitePaper, созданию видеороликов , написанию уникальных статей и обзоров (в том числе для steemit), переводов. Огромный опыт и большой штат сотрудников. Списко наших услуг и портфолио в нашем телеграм канале или на сайте.
En
Hello everyone! I present to you our blockchain copywriting studio. We propose to you next services: writing WhitePaper, creating videos, , translations, writing unique articles and reviews (Including for steemit). Extensive experience and highly qualified team. List of services and portforlio in our telegram channel or on our website.
upvote for me please? https://steemit.com/news/@bible.com/2sysip