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Japan’s crypto trade has been grappling with the journey rule since 2021 when Japan’s Monetary Companies Company (FSA) requested digital asset companies suppliers to implement it. In April 2022, Japan’s Digital Foreign money Alternate Affiliation (JVCEA) launched self-regulatory guidelines accordingly. In October final yr, Japan’s authorities accredited a cupboard choice to amend current legal guidelines to curb cash laundering utilizing crypto, in step with FATF tips.
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