{"id":216370,"date":"2021-04-01T11:29:09","date_gmt":"2021-04-01T08:29:09","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/japans-fsa-asks-cryptocurrency-industry-group-to-introduce-fatf-travel-rule\/"},"modified":"2021-04-01T11:29:09","modified_gmt":"2021-04-01T08:29:09","slug":"japans-fsa-asks-cryptocurrency-industry-group-to-introduce-fatf-travel-rule","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/japans-fsa-asks-cryptocurrency-industry-group-to-introduce-fatf-travel-rule\/","title":{"rendered":"# Japan&#8217;s FSA asks cryptocurrency industry group to introduce FATF travel rule"},"content":{"rendered":"<p>&#8220;<strong># Japan&#8217;s FSA asks cryptocurrency industry group to introduce FATF <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/trip-and-travel\/\" data-internallinksmanager029f6b8e52c=\"10\" title=\"Trip &amp; Travel\" target=\"_blank\" rel=\"noopener\">travel<\/a> rule <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDQvMmFiMDQyZDktMWU1MS00NjBkLThmMzUtYWFjODc5NjJlNTExLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>Japan has made another step toward adopting cryptocurrency Anti-Money Laundering regulations developed by the Financial Action Task Force, Cointelegraph Japan reports.<\/p>\n<p>The Japanese Financial Services Agency\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fsa.go.jp\/news\/r2\/sonota\/20210331.html\">announced<\/a> Wednesday that it will adopt the FATF\u2019s travel rule \u2014 a set of regulations requiring virtual asset service providers\u00a0to share transaction data for senders and recipients \u2014 by April 2022. \u201cIt is required to introduce and implement the travel rule regulations in each country,\u201d the FSA noted.<\/p>\n<p>The FSA requested the Japanese Virtual Currency Exchange Association, a\u00a0local self-regulatory crypto organization, to prepare for the implementation of the travel rule:<\/p>\n<blockquote><p>\u201cFrom the perspective of ensuring the proper and reliable execution of the crypto asset exchange business, we will examine the accurate implementation of the travel rule in terms of <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> and operation. We would like the JVCEA to establish a necessary system, so please inform the members of the association.\u201d<\/p><\/blockquote>\n<p>As previously reported by Cointelegraph, the FATF introduced the travel rule\u00a0in 2019, which provides a number of measures to prevent cryptocurrencies from being used for money laundering and terrorist financing.<\/p>\n<p>A member of the FATF since 1990, Japan was among the most receptive jurisdictions to the travel rule directive alongside other Asian countries like South Korea and Singapore.<\/p>\n<p>The <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> comes soon after the FATF released an update to the original travel rule\u00a0for public consultation in February 2021.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"defi_newsletter\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/japan-s-fsa-asks-cryptocurrency-industry-group-to-introduce-fatf-travel-rule\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Japan&#8217;s FSA asks cryptocurrency industry group to introduce FATF travel rule &#8221; Japan has made another step toward adopting cryptocurrency Anti-Money Laundering regulations developed by the Financial Action Task Force, Cointelegraph Japan reports. The Japanese Financial Services Agency\u00a0announced Wednesday that it will adopt the FATF\u2019s travel rule \u2014 a set of regulations requiring virtual&#8230;<\/p>\n","protected":false},"author":1,"featured_media":216371,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDQvMmFiMDQyZDktMWU1MS00NjBkLThmMzUtYWFjODc5NjJlNTExLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74859,74862,74863,79096,88156,75141,20618,70934],"class_list":["post-216370","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-aml","tag-bitcoin","tag-cryptocurrencies","tag-fatf","tag-fsa","tag-kyc","tag-japan","tag-regulation"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/216370","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=216370"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/216370\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/216371"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=216370"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=216370"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=216370"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}