MOF_Japan: Foreign Exchange and Foreign Trade Act regarding with Virtual Currencies

MOF_Japan: Foreign Exchange and Foreign Trade Act regarding with Virtual Currencies

  • Reporting Requirement: Payment or Payment Receipt over JPY 30m
  • Fiat Currencies like JPY and USD, and Virtual Currencies  

Japan’s Ministry of Finance announced(informed) on May 18 that the payment or the payment receipt over JPY 30m between Japan and foreign countries or between residents and non-residents would need to be reported to the Minister of Finance, based on the act number. 228_Foreign Exchange and Trade Act (in 1949).

The payment or the payment receipt would include fiat currencies such as Japanese Yen and US Dollar, and virtual currencies.

For further details,  

https://www.mof.go.jp/international_policy/gaitame_kawase/gaitame/recent_revised/gaitamehou_20180518.htm

https://www.mof.go.jp/international_policy/gaitame_kawase/gaitame/recent_revised/gaitamehou_20180518.htm

https://www.mof.go.jp/international_policy/gaitame_kawase/gaitame/recent_revised/gaitamehou_20180518_2.pdf