Search results for Satsuki Katayama
AI & Enterprise
Japan finance minister to meet three megabanks to discuss risks from Anthropic\'s Mythos
Japan will hold a meeting involving the country\'s three megabanks and other senior financial officials to review potential risks from Anthropic\'s AI model Mythos. CoinPost reported that Finance Minister Satsuki Katayama will meet executives from Mitsubishi UFJ, Sumitomo Mitsui and Mizuho to share awareness of related risks. Attendance by BOJ Governor Kazuo Ueda and other industry leaders is being coordinated, and the Financial Services Agency proposed the meeting.
Crypto
Japan pushes bill to classify cryptocurrencies as financial products, cuts tax rate
Japan has approved a bill to amend the Financial Instruments and Exchange Act to classify cryptocurrencies as financial products. The country also introduced a new tax system that would replace a top progressive rate of 55 percent on crypto gains with a single 20 percent rate. The proposal would apply stock-market insider-trading rules to crypto trading and require issuers to disclose information at least once a year. It is expected to take effect in fiscal 2027 if passed in the current parliamentary session.
Crypto
Japan to regulate cryptocurrencies like stocks, ban insider trading, mandate disclosure
Japan\'s cabinet has approved a bill to classify cryptocurrencies as financial products and bring crypto assets under the Financial Instruments and Exchange Act framework applied to securities such as stocks, Nikkei reported. If passed during the current Diet session, it could take effect as early as fiscal 2027. The rules would ban insider trading and require annual disclosures by issuers. Penalties for unregistered operations would rise, and the Securities and Exchange Surveillance Commission would gain expanded oversight powers.
