Japan Financial Services Agency: Scope Of Crypto-Assets And Judgment Criteria For The Applicability

When there is an inquiry, etc. about the applicability of Crypto-Assets as prescribed in Article 2(5) of the Payment Services Act (Act No. 59 of 2009; hereinafter referred to as “the Act”), the supervisory authorities shall make a judgment in light of the definition of Crypto-Assets as prescribed in each item of the same paragraph, while giving

It should be noted that, since information and communication technology (ICT) is advancing rapidly and changes day by day, the applicability, etc. of Crypto-Assets shall be ultimately determined individually and specifically, depending on the usage patterns, etc

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