FSA Japan Acts Following FATF’s High-Risk Country Designation

The Financial Action Task Force (FATF) recently identified high-risk countries and regions that pose challenges in anti-money laundering (AML) efforts. Following this announcement, the Financial Services Agency (FSA) of Japan is set to enhance its AML compliance measures to tighten regulations on financial institutions. This move highlights Japan’s commitment to aligning with global standards in […]

Circle Asks SEC to Clarify Cash Treatment for Qualifying Payment Stablecoins

TL;DR: Circle’s comment letter asks the SEC to align its crypto-asset proposal with payment-stablecoin rules. The company’s requested treatment remains a policy position, not a Commission decision. Circle has set out how it wants payment stablecoins to fit into the SEC’s proposed framework for crypto-asset offerings. Its October 28 summary describes a comment letter submitted […]