$ 31,861
$ 1,228.1
$ 137.47


  • The Japan Security Token Offering Association (JSTOA) has just released self-regulatory guidelines on how to separate customer assets and electronic record transfer rights.

Available on the JSTOA website on April 20, the association attributes the guidelines to the revisions of the country’s Financial Instruments and Exchange Act (FIEA), passed by the Japanese House of Representatives and set to be enforced starting May 1.

At a meeting including employees and the Board of Directors, the association laid out the rules for electronic record transfer rights and management of customer assets, among others. The JSTOA will check the management of separately held customer assets once a month with certified public accountants and audits.

Moreover, as part of their prevention against investment solicitation, the association is calling for a clearer definition of selling digital assets to elderly customers — those at risk for fraud — and to make the efforts to establish guidelines for solicitation.

New laws for regulating cryptocurrencies in Japan are beginning to be enforced. The FIEA and Payment Services Act, both revisions to existing financial legislation, will come into effect starting in May.

Headquartered in Tokyo, the JSTOA was launched in October 2019 to support the development of security token offering fundraising by consolidating expertise from within the industry, ensuring compliance with laws and protecting investors. The association is backed by major financial corporations in the country such as Nomura Securities, Rakuten Securities, SBI Securities, Monex, and others.

Related Posts

Leave a Reply


Subscribe To Newsletter

For updates and exclusive offers, enter your e-mail below.

Popular Posts

Kenya Finance Act takes effect, charging 1.5% tax on digital currencies
January 23, 2021By
Concordium Becomes First Blockchain Member of FinTech Association of Japan
January 23, 2021By
Football Club Dynamo Kyiv Partners with Moonwalk to Develop Digital Ecosystem
January 22, 2021By


Video Posts

Solving Gender Inequality Using Blockchain S2 (Ep2): A Blockchain Solution To Close The Gap
January 22, 20210
Africa Digital Finance Summit 2021
January 20, 20210

Crypto Stats

CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin31,861 1.55 % 0.62 % 13.39 %
Ethereum1,228.1 1.43 % 2.47 % 4.80 %
Tether1.000 0.47 % 0.13 % 0.30 %
Polkadot17.32 1.59 % 4.96 % 31.25 %
XRP0.2691 1.14 % 0.36 % 4.00 %
Cardano0.3405 1.15 % 2.97 % 12.55 %
Chainlink23.17 1.01 % 12.95 % 12.42 %
Litecoin137.47 1.14 % 1.15 % 4.46 %
Bitcoin Cash423.27 1.61 % 1.51 % 13.62 %
Binance Coin40.21 1.40 % 0.49 % 1.94 %