Japan FSA Publishes Post-Evaluation on Lowering Crypto Verification Threshold
The Japan FSA (Japan financial regulator) said the review was issued under the Policy Evaluation Act and refers to a regulatory impact assessment for fiscal 2025 implementation.
Summary
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Terms & Concepts
Crypto asset exchange operators: Licensed platforms that handle the buying, selling, and transfer of digital assets for users.
Verification threshold: A transaction amount level that determines when customer identity checks or related compliance procedures are required.
Regulatory impact assessment: A policy review process used to examine the expected effects of a regulatory change before implementation.