Tokai Tokyo Securities Becomes The Ninth Member Of The Japan STO Association

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Tokai Tokyo Securities Becomes The Ninth Member Of The Japan STO Association
  • Founded on October 1, 2019, the Japan STO Association members are namely SBI Securities, Daiwa Securities, Monex Securities, Nomura Securities, Kabu.com Securities, and Rakuten Securities.
  • Truly, policy on the sale of cryptocurrencies remains rationally underdeveloped in Japan.
  • Headquartered in Tokyo, Tokai Tokyo Securities Co. Ltd. is a Japanese financial firm.

On March 10, 2020, the Tokai Tokyo Securities joined the Japan STO Association. All nine members of the Japan STO Association are securities companies.

The Japan STO Association

Founded on October 1, 2019, the Japan STO Association members are namely SBI Securities, Daiwa Securities, Monex Securities,  Nomura Securities, Kabu.com Securities, and Rakuten Securities. The SMBC Nikko Securities and Mizuho Securities joined on January 20, and Tokai Tokyo Securities has become the third new securities company to join the association.

Truly, policy on the sale of cryptocurrencies remains rationally underdeveloped in Japan. Until May 2019, the legislation wasn’t adapted to include crypto tokens within its context. Both Japan’s Act on Settlement of Funds and it’s Financial Instruments and Exchange Act (FIEA) were modified to be inclusive of tokens.

The Japan STO Association articulates STO self-regulation and seeks to obtain certification under the Financial Instruments and Exchange Act. The Chairman of SBI SECURITIES & CEO Yoshitaka Kitao will be the Representative Director.

To review guidelines and requirements for STO, the association has introduced a functioning group within the association’s secretariat and has compiled guidelines on STO.  This is scheduled to have complied with the vision of the end of February 2020.

About Tokai Tokyo Securities

Headquartered in Tokyo, Tokai Tokyo Securities Co. Ltd. is a Japanese financial firm. The company offers brokerage, distribution of stocks, securities, dealing, underwriting, and investment trusts. Company operations are presently directed by CEO, Tateaki Ishida.

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