Japan’s crypto trade 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 12 months, Japan’s authorities authorized a cupboard determination to amend present legal guidelines to curb cash laundering utilizing crypto, consistent with FATF pointers.
