Japan and Australia Sign on FinTech Co-op Framework

Japan and Australia Sign on FinTech Co-op Framework

The Japan Financial Services Agency (JFSA) and Australian Securities Investments Commission (ASIC) reports completing a co-operation framework that aims to promote financial services in both Japan and Australia.

The co-op framework allows both JFSA and ASIC to share information and boost the entry of innovative fintech businesses in each other’s country.

“We are delighted to establish this Co-operation Framework with ASIC. ASIC is one of the leading Fintech regulators that actively promote fintech by taking progressive actions including setup of the Innovation Hub.” Says Shunsuke Shirakawa, JFSA Vice Commissioner for Internal Affairs.

Source: FINews Asia

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