I. On June 5, 2020, the Diet of Japan adopted several amendments to the Payment Services Act (Act No. 59 of June 24, 2009) (the “PSA”). The amendments include reforms of the licensing/registration system for fund transfer...more
On June 5, 2020, the Diet of Japan adopted several amendments[1] to the Payment Services Act (Act No. 59 of June 24, 2009) (the “PSA,” and such amendments collectively, the “Amendment”). The Amendment includes reforms of the...more
In March 2019, the Financial Services Agency of Japan (FSA) proposed amendments to the Payment Services Act (PSA) and the Financial Instruments and Exchange Act (FIEA) to strengthen the protections for investors in crypto...more