JFSA Fintech Support

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Japan now regulates blockchain digital currency.

Exchanges are required to obtain licensing as a payment institution in Japan to operate their business (see previous article covered by Bitlegal for background information).

This is a short note that Japanese FSA has a Fintech Support Desk to assist with any enquiries for licensing.

In addition, the FSA has signed fintech cooperation agreements with Singapore MAS and UK FCA.

This should make the process easier for market entry.

A UK firm or Singapore firm will through their regulator seek a referral to the JFSA.