Introduction
2022 saw the following legislative changes affecting the Fintech industry in Japan:
– The first legislation on stablecoins.
– Money laundering regulations were tightened through (i) a new form of licence, the “fund transfer transaction analysis business”, which applies to bodies operating money laundering monitoring systems, and (ii) issuers of electronic money, significant amounts of which can be transferable to others, even if it cannot be reimbursed now that there is an obligation to carry out KYC procedures on users.
– Enactment of the Act on the Promotion of National Security through Integrated Economic Measures…
