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Japan’s securities token Association announces new guidelines for regulation

Japan’s securities token Association announces new guidelines for regulation
  • Self-regulatory guidelines have just been released by the Japanese security token offering Association. 
  • These guidelines highlight how to separate customer assets and electronic record transfer rights.

Self-regulatory guidelines have just been released by the Japanese security token offering Association. These guidelines highlight how to separate customer assets and electronic record transfer rights. 

Published earlier this week on the 20th of April, it can be seen from its website of the Association attributes to guidelines to the revisions of the nation's financial instruments and exchange act. This act was passed by the Japanese house of representatives and is set to be enforced starting in May.

Following a meeting with the board of directors and several employees, the Association highlighted the rules for electronic record transfer rights in the management of custom assets. The securities Association will be checking the management of separately held customer assets on a monthly basis.

On top of this, when it comes to elderly customers, the association has made a move for a clearer definition when selling digital assets to this demographic.

The association was launched in October last year to help support the development of security token offerings and fundraising by working with experts within the industry.

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