Tag Archives: fsa

The countries created a policymaking group to further the asset tokenization tests and help with navigating legal and compliance concerns. Government agencies in multiple countries are collaborating on asset tokenization tests with real-world assets. In a Monday announcement from the Monetary Authority of Singapore (MAS), regulators in Japan, Switzerland, Singapore, and the UK are all working on tokenization pilots in foreign exchange, fixed income, and asset management products. The...

Japan has been actively reassessing its crypto tax regulations since last year, with a focus on creating an environment that encourages the growth of blockchain startups within the country. Japan’s financial regulator, the Financial Services Agency (FSA), has unveiled a groundbreaking proposal that could reshape the country’s crypto taxation landscape. On August 31, 2023, the FSA presented its plan to revise the tax code concerning digital assets, with the most prominent change being the...

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In a surprise move that will spur further adoption of cryptocurrencies in Asia and globally, the Japanese can now donate unlimited amounts of cryptocurrencies to politicians and need not disclose this to the authorities. This was made known by Sanae Takaichi in a press conference two days ago. Sources indicate that she said that cryptocurrency donations don’t fall under the purview of the Political Funds Control Law and as such don’t need to be disclosed and can be donated without limit to...