The Main Stages in the Development of Financial Control in the Securities Market of Japan

A securities market plays an important role in the distribution of financial flows. In connection with the  insufficient development of the stock market in our country, the author considers it is appropriate to refer to the  experience of financial and legal regulation of the relations under consideration in foreign jurisdictions. The paper  is devoted to the genesis of financial control over activities in the Japanese stock market. The author identifies  three periods. Attention is paid to the main state bodies, as well as self-regulatory organizations exercising financial  control in this area, their legal status, powers, etc. In addition, the paper examines the positive experience of Japan  in the field of financial and legal regulation of the cryptocurrency market. The paper analyzes the powers of the  Financial Services Agency to carry out the relevant functions, as well as the role of self-regulatory organizations  that have the right to exercise control over cryptocurrency exchanges and prosecute violators of the laws.

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