Japan Compliance Report

Regulatory Overview

Regulatory Status

Dedicated crypto/VA legislation, licensing regime, active enforcement

Key Regulator(s)

Ministry of Economy, Financial Services Agency

Risk Level

low

Primary Legislation

Payment Services Act (amended 2017, 2020) (2017), Financial Instruments and Exchange Act (amended 2020) (2020), Stablecoin Law (effective June 2023) (2023)

Travel Rule

Adopted — Threshold: Implemented

Tax Reporting

Miscellaneous income tax (up to 55% for individuals). Crypto tax reform discussions ongoing. Corporate crypto holdings may be taxed at unrealized gains.. Selling crypto for fiat currency

Key Facts

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