Primary text ↗Verified
Dates
no data
In force from
Key provisions
9 in the graphThe article’s own text, quoted verbatim from the primary source below — a citable fact, not a summary. No plain-English explanation is shown: writing one would be legal analysis nobody sourced (docs/RULES.md R1). That register is reserved should sourced explanations be added later, and will never share this card’s styling.
Article 2, paragraph (2) (Definitions — "Funds Transfer Service")
prov:jp-psa-art2-2
ARTICLE TEXT — VERBATIM, TIER B
The term "Funds Transfer Service" as used in this Act means exchange transactions (limited to those specified by Cabinet Order as small sum transactions) carried out by persons other than Deposit-Taking Institutions in the course of trade. source
PLAIN-ENGLISH EXPLANATION
Not built — see docs/RULES.md R1. This register is reserved for a future, separately sourced and cited explanation; it will never be filled with unsourced prose.
Article 2, paragraph (7) (Definitions — "Virtual Currency Exchange Service")
prov:jp-psa-art2-7
ARTICLE TEXT — VERBATIM, TIER B
The term "Virtual Currency Exchange Service" as used in this Act means carrying out any of the following acts in the course of trade, and the term "Exchange of Virtual Currency, etc." as used in this Act means the acts set forth in items (i) and (ii): source
PLAIN-ENGLISH EXPLANATION
Not built — see docs/RULES.md R1. This register is reserved for a future, separately sourced and cited explanation; it will never be filled with unsourced prose.
Article 3, paragraph (1) (Definitions — "Prepaid Payment Instruments")
prov:jp-psa-art3-1
ARTICLE TEXT — VERBATIM, TIER B
The term "Prepaid Payment Instruments" as used in this Chapter means any of the following: source
PLAIN-ENGLISH EXPLANATION
Not built — see docs/RULES.md R1. This register is reserved for a future, separately sourced and cited explanation; it will never be filled with unsourced prose.
Article 7 (Registration of Issuer of Prepaid Payment Instruments for Third-Party Business)
prov:jp-psa-art7
ARTICLE TEXT — VERBATIM, TIER B
No person may engage in the business of issuing Prepaid Payment Instruments for Third-Party Business unless the person is a corporation who is registered with the Prime Minister. source
PLAIN-ENGLISH EXPLANATION
Not built — see docs/RULES.md R1. This register is reserved for a future, separately sourced and cited explanation; it will never be filled with unsourced prose.
Article 10, paragraph (1), item (ii)(a) (Refusal of Registration)
prov:jp-psa-art10-1-ii-a
ARTICLE TEXT — VERBATIM, TIER B
a corporation whose amount of net assets exceeds the amount of money specified by Cabinet Order as necessary and appropriate in light of the geographical scope within which the Prepaid Payment Instruments issued by the corporation can be used and other circumstances; or source
PLAIN-ENGLISH EXPLANATION
Not built — see docs/RULES.md R1. This register is reserved for a future, separately sourced and cited explanation; it will never be filled with unsourced prose.
Article 37 (Registration of Funds Transfer Service Provider)
prov:jp-psa-art37
ARTICLE TEXT — VERBATIM, TIER B
Notwithstanding the provisions of Article 4, paragraph (1) and Article 47, paragraph (1) of the Banking Act , a person registered with the Prime Minister may engage in the Funds Transfer Service. source
PLAIN-ENGLISH EXPLANATION
Not built — see docs/RULES.md R1. This register is reserved for a future, separately sourced and cited explanation; it will never be filled with unsourced prose.
Article 43, paragraph (1) (Making Security Deposits for Providing Funds Transfer Services)
prov:jp-psa-art43-1
ARTICLE TEXT — VERBATIM, TIER B
A Funds Transfer Service Provider must, for each period specified by Cabinet Office Order that is not to exceed one month, make a security deposit for providing Funds Transfer Services to the official depository nearest to its head office (In cases of a Funds Transfer Service Provider that is a Foreign Funds Transfer Service Provider, its principal business office in Japan; the same applies in Article 48) in an amount equivalent to an amount not less than the highest amount of the Required Amount as Security for Providing Funds Transfer Services during that period (referred to as the "Required Amount of Deposit" in Article 47, item (i)) within one week from the last day of that period (referred to as the "Base Date" in that item). source
PLAIN-ENGLISH EXPLANATION
Not built — see docs/RULES.md R1. This register is reserved for a future, separately sourced and cited explanation; it will never be filled with unsourced prose.
Article 63-2 (Registration of Virtual Currency Exchange Service Providers)
prov:jp-psa-art63-2
ARTICLE TEXT — VERBATIM, TIER B
No person may engage in the Virtual Currency Exchange Service unless the person is registered with the Prime Minister. source
PLAIN-ENGLISH EXPLANATION
Not built — see docs/RULES.md R1. This register is reserved for a future, separately sourced and cited explanation; it will never be filled with unsourced prose.
Article 63-5, paragraph (1), item (iii) (Refusal of Registration)
prov:jp-psa-art63-5-1-iii
ARTICLE TEXT — VERBATIM, TIER B
a corporation lacking a sufficient financial foundation that satisfies the requirements specified by Cabinet Office Order as those found to be necessary for the proper and secure conduct of the Virtual Currency Exchange Service; source
PLAIN-ENGLISH EXPLANATION
Not built — see docs/RULES.md R1. This register is reserved for a future, separately sourced and cited explanation; it will never be filled with unsourced prose.
National regimes implementing it
6 regimesOne statute, implemented differently by each regime below — the same directive granting different activities, client types and capital figures market by market.
WhereAuthorityRegimeCapital · transitionFirms
JPFinancial Services Agency (Japan)Type I Funds Transfer Service Provider / Japan / PSAMoney remittance, Execute payment transactions (direct debits, card payments, credit transfers)no datano data0
JPFinancial Services Agency (Japan)Type II Funds Transfer Service Provider / Japan / PSAMoney remittance, Execute payment transactions (direct debits, card payments, credit transfers)no datano data0
JPFinancial Services Agency (Japan)Type III Funds Transfer Service Provider / Japan / PSAMoney remittanceno datano data0
JPFinancial Services Agency (Japan)Prepaid Payment Instrument Issuer (third-party type) / Japan / PSAIssue electronic moneyno datano data0
JPFinancial Services Agency (Japan)Crypto Asset Exchange Service Provider / Japan / PSAExchange crypto-assets for funds, Provide custody and administration of crypto-assets on behalf of clientsJPY 10,000,000 sourceno data7
JPFinancial Services Agency (Japan)Electronic Payment Instruments Service Provider (stablecoin) / Japan / PSAProvide transfer services for crypto-assets on behalf of clientsno datano data0
Sources
Article 2, paragraph (2) (Definitions — "Funds Transfer Service") · Article 2, paragraph (7) (Definitions — "Virtual Currency Exchange Service") · Article 3, paragraph (1) (Definitions — "Prepaid Payment Instruments") · Article 7 (Registration of Issuer of Prepaid Payment Instruments for Third-Party Business) · Article 10, paragraph (1), item (ii)(a) (Refusal of Registration) · Article 37 (Registration of Funds Transfer Service Provider) · Article 43, paragraph (1) (Making Security Deposits for Providing Funds Transfer Services) · Article 63-2 (Registration of Virtual Currency Exchange Service Providers) · Article 63-5, paragraph (1), item (iii) (Refusal of Registration)Payment Services Act (Act No. 59 of 2009)https://www.japaneselawtranslation.go.jp/en/laws/view/3078
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