Tag: PSA

Forex Weekly Look Back
April 10, 2020 BY Steffy Bogdanova

Forex Weekly Look Back: Financial markets and bitcoin in recovery, Japan to enforce new crypto laws

The Cyprus Securities and Exchange Commission (CySEC) suspended this week the Cyprus Investment Firm (CIF) authorisation of Cyprus Investment Firm Belight Capital Group Ltd on violations of regulatory requirements. Financial markets have been in recovery mode for the past several weeks after falling precipitously in mid-February due to the global COVID-19 pandemic. Bitcoin, to the…

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Japan
April 08, 2020 BY Steffy Bogdanova

New crypto law in Japan to be enforced next month

As part of the PSA, crypto exchanges in Japan will have to manage users’ money separately from their own cash flows, starting 1st May. They will have to use third-operators to keep hold of their clients’ money and use “reliable methods” such as cold wallets. In case of users insisting on hot wallets, exchanges would…

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