Japan’s top financial regulator, the Financial Services Agency (FSA), has spoken about possible forthcoming regulatory changes for the crypto and blockchain industry in the second half of FY2020, reported Coin Post.
The FSA hinted that companies and organizations dealing with cryptoassets and stablecoins needed to abide by strict anti-money laundering (AML) and anti-terrorism financing compliance protocols and suggested that “new rules” could be introduced later in the year.
Crypto adoption News
Two Japanese crypto industry organizations, the Japan Cryptocurrency Business Association (JCBA) and the Japan Blockchain Association (JBA), have agreed to work together on promotion and joint research projects to boost crypto sector growth, per an official statement.
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The bodies also said that they would work together on central bank digital currency-related matters – with the central Bank of Japan recently stepping up its efforts to create a digital yen.
Mexico City-headquartered MountX Real Estate Capital will use transfer agent Vertalo Real Estate (VRE) to design and launch 15 tokens over the coming year, media reported. This is the third of four planned deals by VRE that puts tokenization of real estate assets in their center.
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