Financial Services Agency to Hold Registration Briefing for Cryptocurrency Brokerage Businesses, Aiming for Clarification Before Early June Implementation

On the 15th, the Financial Services Agency conducted an online pre-registration briefing for businesses regarding the newly established 'Electronic Payment Instruments & Crypto-Asset Service Brokerage' system under the revised Funds Settlement Act. The briefing covered everything from an overview of the system to the registration application process. The system is expected to be enacted within a year of its announcement in 2025, with implementation slated for early June 2026. Glossary: The Electronic Payment Instruments & Crypto-Asset Service Brokerage targets businesses that only mediate the buying and selling or exchange of cryptocurrencies and stablecoins, commissioned by cryptocurrency exchange operators and electronic payment instrument transaction businesses (affiliated businesses). Mediation involves facilitating the establishment of transaction contracts between users and affiliated businesses...