Acteffective

Act Partially Amending the Payment Services Act, Act on Prevention of Transfer of Criminal Proceeds and Related Acts

Japan Financial Services Agency of Japan / Local Finance Bureaus

Overview

Japan brought fiat-referenced electronic payment instruments and their intermediaries into the payments and AML perimeter, alongside rules for high-value transferable prepaid instruments.

Current state: In force from 2023-06-01; subsequent amendments must also be checked

Key Details

Jurisdiction

Japan

Regulator

Financial Services Agency of Japan / Local Finance Bureaus

Law Type

Act

Status

In Force

Official Law Number

Act No. 61 of 2022 (令和4年法律第61号)

Official Title

Act Partially Amending the Payment Services Act, Act on Prevention of Transfer of Criminal Proceeds and Related Acts

Effective Date

June 1, 2023

Publication Date

June 10, 2022

Last Verified

August 26, 2026

Who This Law Applies To

Stablecoin intermediaries, banks, funds-transfer providers, trust companies, prepaid-payment issuers, custodians and their customers.

Key Requirements

Key Requirements

Registration for electronic payment instrument exchange service providers; customer and reserve information; asset and information safeguarding; outsourcing controls; AML/CFT customer due diligence, monitoring, records and reporting.

Licensing & Registration

Authorization rule: Registration for electronic payment instrument exchange service providers.

AML/CFT

AML/CFT duties are material; consult the instrument and current implementing rules for scope, thresholds and filing mechanics.

Custody & Safeguarding

No dedicated custody rule is the primary focus of this record.

Disclosure & Marketing

No dedicated marketing code is the primary focus; ordinary consumer and advertising law may still apply.

Market Integrity & Enforcement

Regulator: Financial Services Agency of Japan / Local Finance Bureaus. Current enforcement powers and procedures should be checked in the official instrument and implementing rules.

Tax Treatment

Not a tax code. Tax consequences depend on taxpayer, asset and transaction under the jurisdiction's current tax law.

Related Laws

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