A Quick Guide to Cryptocurrency-related Regulators and Companies in Japan

Global Coin Research Team

December 04, 2018

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Overview

Since April 2017, cryptocurrency exchange businesses operating in Japan have been regulated by the Payment Services Act. Cryptocurrency exchange businesses must be registered, keep records, take security measures to protect customers, among other things. Cryptocurrency exchanges are also subject to money laundering regulations. Source: Library of Congress

Important Regulators to Know

Important Regulators to Know	Quick Description
Financial Services Agency (FSA)	Japanese government agency and an integrated financial regulator responsible for overseeing banking, securities and exchange, and insurance sectors in order to ensure the stability of the financial system of Japan
Japan Virtual Currency Exchange Association	A self-regulatory group of some of the largest licensed exchange operators in Japan

List of crypto-related companies and exchanges

Companies	Exchange	Projects
SBI	Bitflyer	NEM
LINE	Coincheck	Monacoin
MUFG	Zaif
Rakuten
GMO

comment: most crypto projects in Japan currently are banks and companies creating exchanges

Other reads:

Interview with CryptoAge Obi on Japan’s Regulatory Sentiment and its Growing Blockchain Developers Ecosystem

Bitcoin.com Advisors Jake Smith and Mike Malley on West Coast and Asia Cryptocurrency Communities and Culture Differences, Growing Local Adoption of Bitcoin Cash in Japan

To learn more about the rest of Asia, start off with our GCR Asia Assessment grid: