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Japan crypto exchange overview — FSA / JVCEA regulated VASP market

ConfidenceLikelyUpdated2026-07-29Review by2027-01-29Sources6Machine-translatedOriginal (JA)

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TL;DR

Japan’s crypto-asset exchange business is built on two layers: a registration system under the FSA / Local Finance Bureaus, and JVCEA self-regulation. The crypto-asset exchange registration system began on 2017-04-01, and the electronically recorded payment instrument service-provider regime was introduced on 2023-06-01. Because the counts of registered operators and members change, consult the FSA’s current registry and the JVCEA member list rather than freezing a number here.

1. Institutional structure

Source: The entire table is based on the FSA’s Crypto-assets and electronic payment instruments page and registered operator list, the JVCEA member list, and the NTA’s CARF page, checked on 2026-07-29.

Layer Content Main reference
Law Crypto-asset exchange registration under the Payment Services Act FSA registration
Self-regulation JVCEA member screening, self-regulatory rules, listed-token management JVCEA overview
Derivatives Crypto-asset derivatives under the FIEA derivatives licensing
Custody Segregated management, cold storage, trusts, etc. cold storage rules
Taxation Income tax, corporate tax, CARF information exchange crypto taxation
Overseas operators Warnings against unregistered solicitation, app response FSA warning system

The Bank of Japan describes crypto-assets as property values that can be electronically recorded and transferred and that are not legal tender. To conduct an exchange business domestically, registration with the FSA / Local Finance Bureaus is required.

2. Current-information entry points

Source: The entire table is based on the public FSA, JVCEA, and NTA pages, checked on 2026-07-29.

Publisher Information available URL
FSA Registration number, operator name, location, and handled crypto-assets Registry PDF
FSA Unregistered operators that have received warning letters Crypto-assets and electronic payment instruments
JVCEA Current members and membership categories Member list
NTA CARF framework and implementation information CARF

Parent ownership, products, handled assets, and operating status can change. Supplement these registries with each operator’s current official disclosures.

3. Strategic reading

  • Attach a retrieval date when citing operator counts, member counts, or handled crypto-assets.
  • Check crypto-asset exchange services, crypto-asset derivatives, and electronic payment instrument services as separate regulatory categories.
  • Verify parent ownership, products, and sales-counter / order-book distinctions in each company’s current official materials.

4. Regulation and policy

  • FSA registration is the entrance to the crypto-asset exchange business, and an exchange business oriented to the domestic market cannot be conducted without registration.
  • As a certified self-regulatory body, JVCEA handles member rules, token screening, transaction management, advertising regulation, and the like.
  • The history of incidents (Mt.Gox, Coincheck, Zaif, DMM Bitcoin, etc.) directly led to the strengthening of segregated-management, cold-storage, AML/CFT, and internal-management rules.
  • On the tax side, the National Tax Agency’s CARF response is advancing, heading toward the institutionalization of domestic and international crypto-asset transaction-information exchange.

Sources

[!info] 校正ステータス confidence: likely. Because the number of registered operators and the institutional point in time are prone to change, re-verify the FSA PDF and the JVCEA member page at the next update.

#exchanges#Japan#VASP#FSA#JVCEA

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