Japan: Revision of the Foreign Exchange and Foreign Trade Act
Progress
Current status
under deliberation
28 Mar 2022 under deliberation
Scope
Implementers
Japan
Policy Area
International trade
Policy Instrument
Operational license requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
central government
Implementation Level
national
Timeline of events
Announced revision of the Foreign Exchange and Foreign Trade Act
On 28 March 2022, Japan announced its intent to revise its foreign exchange rules to prevent Russia from dodging Western financial sanctions by using digital assets following Moscow's invasion of Ukraine. The government will present a modification o…
SourceEvent type
law
Action type
announcement
Government branch
executive
Government body
central government