Japan’s crypto business has been grappling with the journey rule since 2021 when Japan’s Monetary Companies Company (FSA) requested digital asset companies suppliers to implement it. In April 2022, Japan’s Digital Forex Trade Affiliation (JVCEA) launched self-regulatory guidelines accordingly. In October final yr, Japan’s authorities permitted a cupboard determination to amend current legal guidelines to curb cash laundering utilizing crypto, consistent with FATF tips.
Japan to Implement FATF’s Crypto Anti-Money Laundering Law Known as ‘Travel Rule’ Next Month: Report
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