{"id":34717,"date":"2021-01-14T12:32:14","date_gmt":"2021-01-14T10:32:14","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=34717"},"modified":"2025-08-28T21:54:17","modified_gmt":"2025-08-28T18:54:17","slug":"japan-regulator-says-xrp-is-not-a-security","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/japan-regulator-says-xrp-is-not-a-security\/","title":{"rendered":"Japan regulator says XRP is not a security"},"content":{"rendered":"

The Financial Services Agency of Japan (FSA) regards XRP as a cryptocurrency, not as a security. The regulator first designated<\/a> the token’s legal status in a letter to The Block.<\/p>\n

\n

“The FSA regards XRP as a cryptocurrency on the basis of the definitions in Japan’s Payment Services Act,” as quoted by the publication.<\/p>\n<\/blockquote>\n

Under the law, a digital asset is a “cryptocurrency” or “virtual currency” when used as a means of payment and not expressed in fiat.<\/p>\n

Last month, the Nomura Research Institute wrote in a report that XRP is a cryptoasset, not a security. In December, the Japanese financial giant SBI Holdings supported<\/a> the researchers’ position.<\/p>\n

The UK Treasury also does not consider XRP a security.<\/p>\n

\n

“Such exchange tokens as Bitcoin, ETH and XRP are not subject to regulation,” statement<\/a> by HM Treasury.<\/p>\n<\/blockquote>\n

Earlier, on December 23, the U.S. Securities and Exchange Commission filed a lawsuit against Ripple<\/a>. According to the agency, the company sold unregistered securities in the form of tokens.<\/p>\n

Brad Garlinghouse denied the charges<\/a> and vowed to defend Ripple in court. Preliminary hearings will take place on February 22<\/a> 2021.<\/p>\n

Follow ForkLog news on VK<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"

The Japan Financial Services Agency (FSA) regards XRP as a cryptocurrency, not as a security. The regulator first designated the token’s legal status in a letter to The Block.<\/p>\n","protected":false},"author":1,"featured_media":34718,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1756,135,36,112],"class_list":["post-34717","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-fsa","tag-japan","tag-regulation","tag-ripple"],"aioseo_notices":[],"amp_enabled":true,"views":"32","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/34717","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=34717"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/34717\/revisions"}],"predecessor-version":[{"id":34719,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/34717\/revisions\/34719"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/34718"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=34717"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=34717"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=34717"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}