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Japanese group Monex, specializing in financial services, together with five other securities companies, created a project called Japanese Security Token Offering Association. This means that the Country of Cherry Blossoms is getting more and more involved in promotion STO.
Japan aims to develop STO
There are many indications that new trading regulations will be introduced soon in Japan security token offering.
The largest brokerage companies in the country are involved in a joint project aimed at dissemination of digital assets. Japanese Security Token Offering Association, officially registered under the name General Incorporated Association, as announced, it will work on creating legislation related to this area.
Pose Monex Group, the following entities joined the association: SBI Securities, Rakuten Securities, Nomura Securities, Daiwa Securities and kabu.com Securities.
Purpose of cooperation
Joining forces of six leading securities trading companies means more knowledge, backed by years of experience.
This knowledge can be successfully used to research and develop business opportunities STO.
As a result, the chances of stimulating the capital market and support for the country's economy are growing. The priority for the formed coalition is the STO market to achieve full compliance with the regulations, which will firstly provide investors with a greater scope of protection and, secondly, contribute to reducing illegal activities in cryptographic space.
The project also aims to obtain a certificate granted to authorized financial entities, which will facilitate the activities of the association as a self-regulating organization.
Also check: Security tokens regulations - Germany take up the challenge
Monex Group focuses on Bitcoin
The Monex Group has been showing interest in the cryptographic area for some time. Quite recently, the company announced that its shareholders will receive dividends in cryptocurrency Bitcoin.
Payments in BTC they will apply to the year 2019, and it is not yet known whether they will be continued. In addition, last year the group bought cryptocurrency exchange Coincheck, which only a few months ago was hacked, generating losses of 534 million dollars.
