Japan To Enforce Stricter Crypto Anti-Money Laundering Law Next Month: Report

Japan’s crypto industry has been battling travel regulations since 2021 when Japan’s Financial Services Agency (FSA) requested virtual asset service provider to implement it. In April 2022, Japan’s Virtual Currency Exchange Association (JVCEA) introduced self-regulatory rules accordingly. In October last year, the government of Japan approved a cabinet decision to amend existing laws to prevent money laundering using crypto, in line with FATF guidelines.