PUBLICATION OF THE FINALIZED "THE PARTIAL AMENDMENT TO THE DESIGNATION OF A COUNTRY OR REGION UNDER ARTICLES 17-2 AND 17-3 OF THE ORDER FOR ENFORCEMENT OF THE ACT ON PREVENTION OF TRANSFER OF CRIMINAL PROCEEDS" AFTER PUBLIC CONSULTATION

TOKYO, July 7 -- Financial Services Agency issued the following press release:

The Financial Service Agency finalized "the Partial Amendment to the Designation of a country or region under Articles 17-2 and 17-3 of the Order for Enforcement of the Act on Prevention of Transfer of Criminal Proceeds, etc." after public consultation.

SummaryJapan has imposed notification obligations (i.e. travel rule) on Cryptoasset Exchange Service Providers and Electronic Payment Instrument Exchange Service Providers (hereinafter collectively referred to as "VASPs") to submit information on originators and beneficiaries at the time of transfer of cryptoassets ("VAs")/electronic payment instruments (i.e. stablecoins, "SCs") to make it possible to track the ...